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Rs 200 crore oil field development: Owner owned rig to be deployed, but other equipment and services to be needed
Jun 15: 8Project Name: Oil Field Development
8Project Cost: Rs 200 crore
8Project Description: The Promoter is planning exploratory drilling of 06 wells in a forest area. The shelf is very much prospective in hydrocarbon exploration point of view. As most of the prospective areas are lying in the notified forest areas, prior forest clearance needs to be acquired. The application for forest clearance has been already applied. Promoter owned electrical type rigs are proposed to be deployed for undertaking drilling in the block. The project requirement will be Drill Pipes, Drill Collars, Drill Bits, Casing Pipes, Blow Out Preventer (BOP), Cementing services and Drilling fluids services. Further RFQs are expected shortly.
8Project Event: RFQ for the hiring of equipment and oilfield chemicals are expected by Q4:2018.
8Expenditure Approval: Q1/2018
8RFQ Date: Q4/2018
8Release Date: Q4/2018
8Start Date: June/2020
8Completion Date: Dec/2021
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