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Rs 350 crore oil field development: Oil field services RFQs in Q3, 2018
May 04: 8Project Name: Oil Field Development
8Project Cost: Rs 350 crore
8Project Description: The Promoter is planning to drill 07 exploratory drilling. These wells have been planned to explore a number of newly identified prospective structures in the sub-surface. Detailed geological and geophysical studies, mostly 2D-seismic mapping have been carried out to finalize these locations. The targeted depth of the wells shall be up to 4600m. The requirement for the project will be drill bits, drill pipes, casing pipes, 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 hiring of oilfield services is expected by Q3:2018.
8Expenditure Approval: Q4/2017
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: May/2020
8Completion Date: Dec/2021
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