Nov 02: 8Project Name: Mining Lease Block Development 8Project Cost: Rs 30 crore. 8Project Description: Promoter has proposed developmental drilling of 3 wells for incremental production of Heavy Oil from an oil field. The project has been listed out as an expansion project for already existing 20 well development drilling going on in the existing facility. Meanwhile, the rigs for the project have also been finalized. RFQs for the following equipment namely Coupling, Xmas Tree, Tanking Facilities, Safety Valves etc are expected shortly. Meanwhile, the mobilization contract for the project has also been signed. 8Project Event: RFQ for equipment is expected by December 2017. RFQ for hiring Civil Contractor is expected by end November 2017. 8Expenditure Approval: Q1/2017. 8RFQ Date: Nov/2017. 8Release Date: Dec/2017. 8Date: Mar/2018. 8Completion Date: Dec/2018. Click here for more details 8Project Name: Oil Field Development 8Project Cost: Rs 156.40 crore 8Project Description: Promoter has proposed development of an oil field. The project involves development drilling of 7 wells, surface facilities in the CTF and the laying of a 6 inch, 35 km pipeline from the oil field to the CTF. RFQs are expected shortly. 8Project Event: RFQ for hiring a contractor for laying the pipeline is expected by November 2017. 8Expenditure Approval: Q2/2016 8RFQ Date: Nov/2017 8Release Date: Dec/2017 8Start Date: Mar/2018 8Completion Date: Jun/2019 Click here for more information 8Project Name: Brownfield POL Terminal Project 8Project Cost: Rs 21 Crore 8Project Description: An existing company is planning to construct 3 storage tanks with a capacity of 2000 KL,8000 KL,8000 KL respectively in its existing POL Terminal facilities for the receipt, storage and delivery of MS, HSD, SKO. IOCL has acquired 57 Acres of land for the Project. At present Civil work is going on. 8Project Event: RFQ for erection and installation work is expected by December 2017. 8Expenditure Approval : Q1:Jan/2017 8RFQ Date : Dec/2017 8Release Date: Jan/2018 8Start Date : Q2:2017 8Completion Date : Q2:2018 Click here for more details