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Private oilfield development: Cost hiked
Mar 19: 8Project Name: Oil Field Development
8Project Cost: Rs 225 crore
8Project Description: The operator has started accepting the quotations for the crude evacuation services for its North Eastern block. Owner along with its EIA consultant has applied for the environment clearance for the blocks. In the meanwhile, a cost revision has been proposed for the block from Rs 180 crore to Rs 225 crore for the drilling of 15 number of wells instead of 12 wells as was stated earlier. Earlier the company had hired Essar backed Advent Oilfield Services as its PMC contractor but due to certain issues, they have hired Linde India Limited backed BOC India as the new PMC.
8Expenditure Approval: Q4/2017.
8RFQ Date: Q2/2019
8Release Date: Q2/2019.
8Start Date: Q3/2019
8Completion Date: Q3/2022
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