Rs 2000 crore oil field development: RFQs for EPC contractor in September instead of June 2018
May 23: 8Project Name: Oil Field Development 8Project Cost: Rs 2000 crore 8Project Description: Owner's RFQs for 38 well development drilling have been delayed on account of the policy changes and land acquisition issues. The project involves development drilling of 70 wells, nine production installations and laying of approximately 200 km of pipelines(50mm to 300 mm dia). Currently, the project is in pre-clearance phase. The Environmental Clearance for the project is expected by June 2018. The process of hiring an EPC contractor for production installation and the pipeline laying is expected to begin soon. RFQ for the rigs, Xmas Trees, Cementing, Wireline, Drill Collar etc is expected shortly. 8Project Event: RFQs for EPC contractor for production installation and the pipeline network are expected by September instead of June 2018. RFQs for hiring services for rigs and equipment are expected by September instead of June 2018. 8Expenditure Approval: Q3/2017 8RFQ Date: Sep/2018 8Release Date: Oct/2018 8Start Date: May/2019 8Completion Date: Dec/2021 Click here for more information for key contacts and other project parameters