ONGC E-Auction for Rig Sagar Vijay on 7 August 2026 – Bids Invited
New Delhi: Oil and Natural Gas Corporation (ONGC) has invited bids for the e-auction of Rig Sagar Vijay, a legendary Mobile Offshore Drilling Unit (MODU) that has served India's offshore exploration journey for decades.
A legacy rig ready for new ownership
The rig, classified by IRS (Indian Register of Shipping), is being offered on an "As Is Where Is" basis through the MSTC portal. Interested bidders can participate in the e-auction scheduled for August 7, 2026.
Key Details at a Glance
|
Particulars |
Details |
|---|---|
|
Rig Name |
Sagar Vijay |
|
Type |
Mobile Offshore Drilling Unit (MODU) |
|
Location |
Dighi Port, Maharashtra |
|
Auction Date |
7 August 2026 |
|
Basis |
"As Is Where Is" |
|
Platform |
MSTC Portal |
Why Sagar Vijay matters
Sagar Vijay has been a cornerstone of India's offshore exploration efforts over several decades. The rig is known for its:
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Proven drilling capabilities in offshore conditions
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Robust station-keeping performance
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Engineering strength built to withstand harsh marine environments
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Operational resilience tested over years of service
Who can bid?
ONGC has invited eligible bidders, including offshore operators and drilling contractors, to explore this opportunity and participate in the auction.
How to participate
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Bids will be accepted through the MSTC e-auction portal
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The rig is available for inspection at Dighi Port, Maharashtra
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Interested parties should review the auction terms before participating