Rs 3500 crore crore oil field development: RFQ for rig services in January, 2019
Sep 12: 8Project Name: Oil Field Development 8Project Cost: Rs 3500 crore 8Project Description: Oil and Natural Gas Corporation Limited's RFQs for hiring drilling rig services for phased exploration, development, and production in 21 onshore PML blocks in Assam & Assam-Arakan basin located in Sivasagar district of Assam is expected soon involving a 100 wells over time. The drilling rig for the project will be hired on a third party basis for undertaking drilling activities. The environment clearance for the project has not been granted till now and is expected soon. 8Project Event: RFQ for the hiring rig services is expected by January 2019. RFQ for other services is expected by March 2019. 8Expenditure Approval: Q1/2018 8RFQ Date: Jan/2019 8Release Date: Mar/2019 8Start Date: Apr/2020 8Completion Date: Dec/2023 Click here for more details