Rs 400 crore oil field development: RFQ for equipment and oilfield chemicals by Q3, 2018
May 07: 8Project Name: Oil Field Development 8Project Cost: Rs 400 crore 8Project Description: The owner is is planning to drill 05onland exploratory wells. These wells have been finalized after detailed in-house interpretation of 3D-seismic data, inputs from nearby wells and other G&G data using latest interpretation software as a part of the ongoing exploration programme to accrete more hydrocarbon reserves. The targeted depth of the wells shall be up to 4900m. ONGC owned electrical type rigs are proposed to be deployed for undertaking drilling in the block. The equipment required for the project will be Drill Pipes, Casing Pipes, Xmas Trees, Blow Out Preventer, Cementing services and Drilling fluid services. An EIA consultant has already been hired for the project. Further RFQs are expected shortly. 8Project Event: RFQ for the hiring of equipment and oilfield chemicals is expected by Q3/2018. 8Expenditure Approval: Q2/2016 8RFQ Date: Q3/2018 8Release Date: Q3/2018 8Start Date: Dec/2019 8Completion Date: Dec/2021 Click here for more details for key contacts