Rs 1200 crore oil CBM development: RFQ for equipment in Q4:2018.
Jun 05: 8Project Name: Oil Field Development 8Project Cost: Rs 1200 crore 8Project Description: The Promoter is planning development drilling of 170CBM wells. The block is India’s most prolific CBM block, holding 1 trillion cubic feet of recoverable reserves. The block holds an area of 500 sq km and was awarded on 29 March 2005 under the CBM I Bid Round. The Development is in line with the company’s strategy of increasing production to around 81 MMcfg/d by 2021 from the current production of around 35 MMcfg/d. Promoter owned drilling rigs are going to be deployed for undertaking drilling activities. The equipment required for the project includes Hydro Fracturing services, CBM Well completion, Artificial Lifting, Cementing Services and Mud Engineering Services. 8Project Event: RFQ for the hiring of equipment is expected by Q4:2018. 8Expenditure Approval: Q4/2017 8RFQ Date: Q4/2018 8Release Date: Q4/2018 8Start Date: Dec/2019 8Completion Date: Dec/2022 Click here for more details for key contacts