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ONGC has fresh exploratory plans in new offshore areas: RFQ for deepwater rig expected in Q3, 2018
Apr 25: 8Project Name: Oil Field Development
8Project Cost: Rs 150 crore
8Project Description: ONGC is planning to drill one exploratory drilling in deepwaters of  nomination block. Regulatory and other clearances were held up earlier by are now expected soon.The rig will be utilized in adjacent blocks as well where exploratory drilling is expected to come up.
8Project Event: RFQ for the hiring of deepwater rig is expected by Q3:2018.
 RFQ for the hiring of oilfield services is expected by Q3:2018.
8Expenditure Approval: Q4/2017
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: April/2020
8Completion Date: Dec/2021
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