| The Design and Engineering Consultant (DEC) project awarded to M/s PDIL Baroda in April 2022 has completed technical bid preparation and received approvals for key execution parameters. Due to cost escalations, the project strategy has been revised to hire polymer injection facilities instead of owning them, enabling early oil realization at reduced costs. De-scoping has been implemented to align with revised financial parameters. The project is currently awaiting board approval for the revised sanction incorporating the hired facility model, after which NIT for surface facilities will be published. Drilling operations show strong progress with 27 of 63 wells completed (10 PI + 17 OP wells), while the way forward for facilities is under finalization.RetryClaude can make mistakes. Please double-check responses. | Facility:
• NOA for Design and Engineering Consultant (DEC) placed on 12.04.2022 to M/s PDIL Baroda.
• DEC made site visit to Technical bid preparation. Meeting held with DEC, Asset and OES on 17th & 18th August-22 for scope finalization.
• Tender is being prepared by consultant in three groups. Final TBP for Group B submitted by DEC on 10.02.2023. Bid package submitted to Asset for approval. Costing evaluation in progress. Execution methodology approved.
* Milestone Payement Formula, Purhase Specification & Special Contract condition approved.
* De-Scope is required (due to revised costs wrt FR)and is in process.
Drilling:
• Drilling of 22/63 wells completed. |