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Software updates: Oil and Gas Projects.
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.
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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
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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
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