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Rs 600 crore onshore drilling: Shallow water jack up rig hire only in Q3, 2019
Apr 09: 8Project Name: Offshore Drilling
8Project Cost: Rs 600 crore
8Project Description: Oil and Natural Gas Corporation Limited has initiated the process for the grant of Coastal Regulatory Zone Clearance for PBS-1-1 Extn PML, 6 well exploratory drilling programme in Cauvery basin, Tamil Naidu. In the meanwhile, the RFQs for the hiring of a jack-up rig and the equipment have been rescheduled and will be floated once the owner receives the go-ahead signal from the Tamil Nadu Clearance Authority. 
8Project Event: RFQ for hiring an Ultra shallow jack-up rig is expected by Q3 2019 
RFQ for the equipment is expected by Q3 2019
8Expenditure Approval: 2018.
8RFQ Date: Q3/2019
8Release Date: Q3/2019
8Start Date: Q1/2020
8Completion Date: Q4/2022
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