Rs 400 crore oil field development: EPC contractor RFQ for drilling services and pipeline installation is expected by Q1:2019.
Jul 05: 8Project Name: Oil Field Development 8Project Cost: Rs 400 crore 8Project Description: The Promoter is planning the development of an onshore field. The onshore block has been awarded to the company under the Discovered Small Fields Round in 2016. Currently, the project is in the planning stage. The Field Development Plan (FDP) of the block has been submitted and is awaiting approval from the ministry. The project involves drilling of 5 wells and laying of infield pipelines. The drilling rig for the project will be hired on EPC basis for undertaking drilling activities. The equipment required will be drill pipes, casing pipes, drill bits, x-mas trees, blow out preventer, directional drilling services, cementing services and drilling fluid services. Further RFQs are expected shortly. 8Project Event: RFQ for the hiring of equipment and oilfield chemicals is expected by Q1:2019. RFQ for the hiring of an EPC contractor for drilling services and pipeline installation is expected by Q1:2019. 8Expenditure Approval: Q1/2018 8RFQ Date: Q1/2019 8Release Date: Q1/2019 8Start Date: June/2020 8Completion Date: Dec/2021 Click here for more details