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 Click here for more details