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Rs 500 crore oil field development: Equipment and chemicals RFQ in Q3, 2018
Apr 30: 8Project Name: Oil Field Development
8Project Cost: Rs 500 crore
8Project Description: The Promoter is planning  to drill 60 exploratory wells. The Targeted depths of proposed exploratory wells shall be up to 2000 – 3000 M. Promoter owned electrical type rig is proposed to be deployed for undertaking drilling activities in the block. The equipment required for the project will be Drill Pipes, Casing Pipes, Xmas Trees, Blow Out Preventer, Cementing services, Drilling fluid services and other Oilfield chemicals. An EIA consultant has already been hired for the project. Further RFQs are expected shortly.
8Project Event: RFQ for the equipment and oilfield chemicals are expected by Q3/2018.
8Expenditure Approval: Q1/2018
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: Feb/2020
8Completion Date: Dec/2022
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