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OLAP-1 companies step up activity-II: OIL pushes ahead
Nov 16: 8Project Name: Oil Field Exploration under OLAP-I
8Project Cost: Rs 500 crore
8Project Description: Oil India Limited is planning to start exploration activities in its OLAP-1 block in western India. The company plans to carry out a 2D and 3D seismic survey of the block which is expected to start by Q2 2019. A Pre Qualification Meeting for the project is scheduled by 20 November. Exploratory drilling operations for the block are expected to start by 2022. Further RFQs are expected shortly.
8Project Event: RFP for hiring services for the 3D seismic survey is expected by December 2018.
RFQ for hiring consultant for data acquisition and analysis is expected by Q1 2019.
8Expenditure Approval: Q2/2019
8RFQ Date: Dec/2018
8Release Date: Q1/2019
8Start Date: Q2/2019 
8Completion Date: Q4/2025
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