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Rs 150 crore oil field development project: Four bidders in the race of rig package, RFQ for additional equipment in July
May 17:   8Project Name: Oil Field Development
8Project Cost: Rs 150 crore
8Project Description: Owner's RFQs for exploratory drilling of 5 wells in AA-ONN-2010/3 Onshore Block in Sadiya, Assam have been slightly delayed. Currently, the processing of the NIT for the rig package is going on and tender documents are expected to be issued soon. As per sources, 4 bidders have applied for the EOI. The project involves exploratory drilling of one well and 4 appraisal wells at a later stage using extended reach drilling technology. The environmental clearance for the project is expected by September 2018. RFQ for the following equipment is expected shortly: Cementing Unit, Blow Out Preventer, Pressure Gauge, Valves, Mud Chemicals and Mobile Effluent Treatment Plant.
8Project Event: RFQs for the equipment are expected by July instead of June 2018
8Expenditure Approval: Q1/2018
8RFQ Date: Q3/2018
8Release Date: Aug/2018
8Start Date: Q4/2018
8Completion Date: Q4/2019
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