Jul 03:
For E&P equipment and service suppliers, we have inputed two new projects in our database. Jac-Up rig RFQ in Q-4, 2018 8Project Name: Oil Field Development 8Project Cost: Rs 3000 crore 8Project Description: The Promoter is planning exploratory drilling of 39 wells in PEL Offshore Blocks. The targeted depth of the wells shall be up to 4700m. The project locations will be drilled by using a Jack-up Rig which will be hired on EPC basis. The project requirement will be Drill Pipes, Drill Collars, Drill Bits, Casing Pipes, X-mass trees, Blow Out Preventer (BOP), Cementing services, Drilling fluids services and other oilfield chemicals. 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. RFQ for the hiring of Jack-up Rig is expected by Q4:2018. 8Expenditure Approval: Q4/2017 8RFQ Date: Q4/2018 8Release Date: Q4/2018 8Start Date: Apr/2020 8Completion Date: Dec/2023 Click here for more details Rs 350 crore exploration drilling programme: RFQs also in Q4, 2018 8Project Name: Oil Field Development 8Project Cost: Rs 350 crore 8Project Description: The Promoter is planning exploratory drilling of 7 wells. Application for Petroleum Exploration License (PEL) for carrying out exploration work has been submitted to the state government and grant of the same is awaited. The promoter has completed the Environment Impact Assessment (EIA) studies. A part of the block falls under a Reserve forest area and is awaiting approval of Forest Clearance from MoEF. Promoter owned drilling rig is going to be deployed for undertaking drilling activities. The equipment required for the project includes casing pipes, drilling pipes, drill bits, x-mass trees, blow out preventer, cementing services, mud engineering services, and other oilfield chemicals. Further RFQs are expected shortly. 8Project Event: RFQ for the hiring of an EPC contractor for pipeline installation is expected by Q4:2018. RFQ for the hiring of equipment and services is expected by Q4:2018. 8Expenditure Approval: Q1/2015 8RFQ Date: Q4/2018 8Release Date: Q4/2018 8Start Date: Jun/2020 8Completion Date: Dec/2022 Click here for more details