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Business Opportunity II: Drilling of Production wells coming up
Feb 14:   The oil and gas major is planning to do development drilling of 4 wells.
8
New Business Opportunity is expected  for suppliers of Casing Pipes, Seamless pipes and Rigs in May 2017”.
8The cost for the development drilling is around Rs.180 crore.
8“The exploratory drilling phase of the wells is over and now the production drilling is going to start”, a company official said.
8The tender for the work-over rigs was floated last week for which the NOA will be released in the 2nd mid of Apr 2017.
8Duration of operation and the temporary activity which will continue for about 3-4 months for each well depending on target depth.
8Some RFQs are expected to be floated by end Feb-Mar 2017.
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