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Ramayana Ispat Pvt. Ltd's Rs 150 crore oil field development: No prior experience
Aug 13: 8Project Name:  Oil Field Development
8Project Cost: Rs 150 crore
8Project Description: Ramayana Ispat Pvt. Ltd's RFQs for hiring integrated drilling services for the development of the Barsilla block are out The company does not have any prior experience in the oil & gas sector. The block AA/ONDSF/BARSILLA/2016 was awarded to the company under the Discovered Small Fields Round 2016. The company, however, does not have any experience in the oil & gas sector. The TOR for the project has now been granted. However, the application for the forest clearance has not been submitted till now. The project involves development drilling of oil wells and laying of an infield pipeline to connect with the nearest OIL's production facility (GGS). Production from the block is expected to start by the end of 2021. Further RFQs for hiring an EPC contractor for gathering pipeline are expected shortly.
8Project Event: RFQs for hiring an EPC contractor for pipeline installation is expected by Q1 2019.
8Expenditure Approval: Q4/2017
8RFQ Date: Q1/2019
8Release Date: Q1/2019
8Start Date: Q3/2019
8Completion Date: Q1/2021
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