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Rs 1000 crore oil field development: RFQ for the hiring of Drilling Rig services is expected by Q3:2018, equipment and oilfield chemicals in Q3:2018
May 23: 8Project Name: Oil Field Development
8Project Cost: Rs 1000 crore
8Project Description: The Promoter is planning exploratory drilling of 18 wells. The targeted depths of the wells shall be up to 3500m. The block also consists of a wildlife sanctuary for which forest clearance has to be obtained and an application has been already applied for that. A chartered hired rig is proposed to be deployed for undertaking drilling activities. The equipment required for the project will be casing pipes, drill pipes, drill bits, Blow out preventer (BOP), Cementing services (Cement, Cementing Chemicals and accessories), and Mud engineering services. Further RFQs are expected shortly.
8Project Event: RFQ for the hiring of Drilling Rig services is expected by Q3:2018.
RFQ for the hiring of equipment and oilfield chemicals is expected by Q3:2018.
8Expenditure Approval: Q2/2015
8RFQ Date: Q3/2018
8Release Date: Q3/2018
8Start Date: Feb/2020
8Completion Date: Dec/2022
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