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Software updates: Oil and Gas Projects.
Mar 16: 8 Project Name: Group Gathering Station.
8Project Cost: Rs 100 Crore.
8Project Description: Promoter is planning construction of Group Gathering Station. The project had been delayed due to the reason that promoter had listed the GGS as a standalone facility. But now the issue is resolved as the promoter has submitted a corrected version to the environment ministry. Further the Civil tender for the project is already out as predicted by us. Further RFQs are expected shortly.
8Project Event: RFQ for the electrical equipment is expected by April instead of March 2018.
8Expenditure Approval: Q2/2015
8RFQ Date: Apr/2018
8Release Date: May/2018
8Start Date: Q2/2018
8Completion Date: Q4/2019.
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8 Project Name: Development Drilling Project
8Project Description: RFQs for promoter's oil and gas field had been delayed a bit as the manpower hiring process was going on in the project for various roles on account of a few resignations. The hiring has now been completed. An EOI is also expected for various drilling services. Further RFQs are expected shortly.
8Project Event: RFQ for hiring a consultant for oil field studies and analysis is rescheduled to May 2018 from March end 2018.
RFQ for EOI for various oil and gas services is expected by June 2018.
8Expenditure Approval: Q3/2017
8RFQ Date: May/2018
8Release Date: Jun/2018
8Start Date: Sep/2018
8Completion Date: Dec/2019
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8Project Name: Oil Field Development
8Project Cost: Rs 700 crore
8Project Description: The Promoter is planning exploratory drilling of 19 wells. The exploratory drilling is planned in two phases. The upper section of about 1000-1200m is to be drilled using Air Hammer Drilling Technology contractually to achieve better drillability and reducing Rig time and cost. Subsequently, Promoter owned electrical type rig is proposed to be deployed for undertaking deviation drilling in the reservoir section using turbo/appropriate rotary drilling technique. An EIA Consultant has already been hired for the project. Further RFQs are expected shortly.
8Project Event: RFQs for the hiring of Oil field services are expected by Q3:2018.
8Expenditure Approval: Q4/2017
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: Oct/2019
8Completion Date: Dec/2021
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