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 Click here for more details