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Rs 700 crore Offshore Oil Field Development: Drilling rig option not decided yet
Jun 07: 8Project Name: Offshore Oil Field Development
8Project Cost: Rs 700 crore
8Project Description: The Promoter is planning an offshore exploratory drilling of 10 wells. The approved PML area is around 84.83 sq km. The wells will be at a distance of 0.75 km to 3.45km from the coast. The water depth varies from 2m to 7m. The Targeted depth of the wells shall be up to 4000m. The drilling rig for the project has not been decided yet. The equipment required for the project will be drilling bits, drilling pipes, casing pipes, Blow Out Preventer, X-mass tree, cementing services and drilling fluid services.
8Project Event: RFQ for the hiring of equipment and oilfield chemicals are expected by Q4:2018.
8Expenditure Approval: Q3/2014
8RFQ Date: Q4/2018
8Release Date: Q4/2018
8Start Date: May/2020
8Completion Date: Dec/2023
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