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Rs 700 crore field development plan: RFQs coming in Q3 and Q4, 2018
May 24: 8Project Name: Oil Field Development
8Project Cost: Rs 700 crore
8Project Description: The Promoter is planning development drilling of 29 wells. The project also involves Construction of three GGS and laying of underground transportation Pipelines. Promoter owned Drilling Rigs are proposed to be deployed for undertaking drilling activities. The equipment required for the project will be Directional Drilling services, Drilling Pipes, Casing Pipes, Drilling Bits, Cementing services, Blow Out Preventer (BOP) and Mud engineering services. An EIA consultant has been already hired for the project. Further RFQs are expected shortly.
8Project Event: RFQ for the hiring of EPC contractor for GGS construction and laying of pipelines are expected by Q3:2018.
RFQ for the hiring of equipment and oilfield chemicals are expected by Q4:2018.
8Expenditure Approval: Q3/2017
8RFQ Date: Q3/2018
8Release Date: Q4/2018
8Start Date: Feb/2020
8Completion Date: Dec/2022
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