Rs 900 crore CBM development: RFQ in July for rigs
Apr 30: 8Project Name: CBM Block Development 8Project Cost: Rs 900 crore 8Project Description: Owner's RFQ for the hiring of a CBM rig for the development of a CBM block, has been delayed. Although, A total no of 370 wells are to be drilled in order to boost CBM production by the year 2020-21. The environment clearance for the block has been awarded. The CBM rig services would be hired by the promoter for a total time period of 3 years, as sufficient rigs and manpower are not available with the asset. Further RFQs are expected shortly. 8Project Event: RFQ for hiring CBM rigs is expected by July 2018 instead of May 2018. 8Expenditure Approval: Q3/2017 8RFQ Date: Jul/2018 8Release Date: Aug/2018 8Start Date: Q4/2018 8Completion Date: Q4/2021 Click here for more details for key contacts