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Deep Industries to continue working with ONGC in CBM block: Oil industry makes for strange bedfellows
May 10: The oil & gas industry, there are no permanent antagonists as Deep Industries and ONGC found out when it decided to continue cooperating in a CBM block in which both are in a JV and Deep Industries is in the driver's seat.
8Pertinently, Deep Industries are recently blacklisted by ONGC for submission of false documents in a tender.
8A Deep Industry subsidiary will soon float RFQs for pipeline and equipment for a Rs 500 crore CBM development project
Here are the details:

Project Name: CBM Block Development
8Project Cost: Rs 500 crore.
8Project Description: The JV is planning the drilling a total of 68 wells and Deep Industries subsidiary is the strategic partner to undertake the development of the block. An overall quantity of 0.3 MMSCMD of gas has been envisaged to be produced from the project. A US firm has been selected to carry out the feasibility study for the project. The consultant for EIA services has been finalized from the company's end. The LOI for drilling rig tender which was floated earlier has not been issued till now.
8Project Event: RFQs from PEPL's end for pipeline and equipment is expected by June 2018.
8Expenditure Approval: Q1/2016.
8RFQ Date: Jun/2018.
8Release Date: Aug/2018.
8Date: Q4/2018
8Completion Date: Q3/2021
Click here for more details for key contacts and other project configuration details


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