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 Click here for more details