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Software updates: Oil and Gas Projects.
Nov 27: 8Project Name: Oilfield Redevelopment   
8Project Cost: Rs 1200 crore.
8Project Description: Promoter is planning redevelopment of an oilfield, to augment oil production. The project involves drilling of wells, revamping and upgradation of 2 GGS-cum-CTFs in the field and construction of a new ETP Effluent Treatment Plant (ETD) of 4000 m3/d capacity. After implementation of this scheme, cumulative oil production from the field is expected to be 21 MMT by the year 2029-30, with an incremental crude oil production of 3.5 MMT.
The LSTK contract for the revamping of the GGS-cum-CTFs has already been awarded. Currently, the work on the 2 GGS is going on since August 2017. The drilling part of the project would be done by promoter itself. Further RFQs are expected shortly.
8Project Event: Promoter will come out with RFQs for hiring the LSTK contractor for the ETP by December end 2017.
RFQ for hiring rigs and other oilfield services is expected by January 2018.
8Expenditure Approval: Feb/2017.
8RFQ Date: 30/Dec/2017.
8Release Date: Jan/2018.
8Date: Q2/2018.
8Completion Date: Sep/2020.
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8Project Name: Oilfield Development.
8Project Cost: Rs 100 crore
8Project Description: Promoter is planning development of an oilfield. The company along with its consultants, is planning to drill 1 horizontal and 2 vertical wells in order to further boost the oil production from the existing 6.5 MMSCFD to 7.7 MMSCFD. The project will also involve the laying of pipeline network so as to connect the wells with the nearest production facility. The drilling for the project is expected to start by Q4 2018 and may continue up to mid-Q2 2019. Further RFQs are expected shortly.
8Project Event: RFQ for hiring EPC contractor for the project is expected by January 2018.
8Expenditure Approval: Q3/2017
8RFQ Date: May/2018
8Release Date: Jun/2018
8Start Date: Q4/2018
8Completion Date: Q2/2019
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