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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
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