Rs 150 crore oil field development: RFQ for hiring equipment and wireline services is expected by September instead of July 2018
Jun 21: 8Project Name: Oil Field Development 8Project Cost: Rs 150 crore 8Project Description: Private operator's RFQs for development of an oil field in Cambay are expected soon. However, a slight delay is expected in project implementation on account of some financial issues with the a fellow PI holder. The new date for start of drilling for the project is expected to Q1 2019 and may continue up to mid-Q3 2019. The equipment requirements will be casing pipes, drill bits, slick line and wireline services. Further RFQs are expected shortly. 8Project Event: RFQ for hiring equipment and wireline services is expected by September instead of July 2018. 8Expenditure Approval: Q3/2017 8RFQ Date: Sep/2018 8Release Date: Oct/2018 8Start Date: Q1/2019 8Completion Date: Q3/2019 Click here for more details