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Rs 900 crore oil field development: RFQ for the equipment and oilfield chemicals are expected by Q3/2018
May 14: 8Project Name: Oil Field Development
8Project Cost: Rs 900 crore
8Project Description: The Promoter is planning to drill 08 exploratory wells. The drilling of the wells with Targeted Depth of 2500m is likely to be taken up based on the analysis of data by integrating 3D seismic data as well as existing 2D data and geological data obtained from earlier drilled wells within and around the block area. The Drilling Rig for the project has not been finalized yet. 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 equipment and oilfield chemicals are expected by Q3/2018.
8Expenditure Approval: Q2/2016
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: April/2020
8Completion Date: Dec/2022
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