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RFQs coming out for crude oil storage and oil field development projects
May 25: 8Project Name:  Crude Oil Storage Tank Package
8Project Cost: Rs 20 crore
8Project Description New: ONGC is planning construction of crude oil storage tanks near Gamij at the Ahmedabad asset in Gujarat. The project involves the construction of 5 crude oil storage tanks of different storage capacities to store crude oil from the nearby oil field in Ahmedabad Asset. The storage tank will, in turn, be connected with the nearby GGS through existing pipeline network. The construction work is expected to start by Q4 2018. Further RFQs for the project are expected shortly.
8Project Event New: RFQs for hiring an EPC contractor is expected by June 2018.
8Expenditure Approval: Q1/2018
8RFQ Date: Jun/2018
8Release Date: Jul/2018
8Start Date: Q4/2018
8Completion Date: Q4/2019
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8Project Name: Oil Field Development
8Project Cost: Rs 600 crore
8Project Description: The Promoter is planning to drill 06 exploratory wells. Four Exploratory wells  were drilled to complete the first phase exploration MWP. Out of the four wells, two wells had commercial Gas discoveries. Water depth of the 3D area in this block where wells are to be drilled falls within the range of 17m to 37m. The depth of wells will be between 2600 to 3000m. Existing chartered hired Rig is going to be used for the drilling activities. The requirement for the project will be drilling bits, drilling pipes, casing pipes, Blow Out Preventer, X-mass tree, cementing services and drilling fluid services. An EIA consultant has already been hired for the project. Further RFQs are expected shortly.
8Project Event: RFQ for the hiring of equipment and oilfield chemicals are expected by Q4:2018.
8Expenditure Approval: Q4/2017
8RFQ Date: Q4/2018
8Release Date: Q4/2018
8Start Date: April/2020
8Completion Date: Dec/2022
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