Quotation Estimate Petroleum Engineer in India Bangalore –Free Word Template Download with AI

Service Provider

Dr. Arjun Mehta, Petroleum Engineer

Mehta Petroleum Consulting LLP

14th Floor, Prestige Tech Park

Outer Ring Road, India Bangalore

Email: [email protected]

Phone: +91-80-4123-5678

GSTIN: 29AABCM1234F1Z5

Client / Recipient

Deccan Energy Resources Pvt. Ltd.

Corporate Office, 3rd Floor

Indiranagar, India Bangalore

Karnataka, 560038

Attn: Mr. Rajesh Kumar, VP Operations

Email: [email protected]

Quotation Estimate No.	MPC/2025/BLR/0047
Date of Issue	14 June 2025
Validity Period	30 days from date of issue (expires 14 July 2025)
Project Location	India Bangalore & surrounding onshore exploration blocks, Karnataka
Engagement Type	Retainer & Project-Based (12-month term)
Currency	Indian Rupees (INR / ’)

This Quotation Estimate is issued by Mehta Petroleum Consulting LLP to Deccan Energy Resources Pvt. Ltd. for the engagement of a senior Petroleum Engineer to deliver comprehensive subsurface evaluation, reservoir modelling, and production optimisation services. All professional activities will be conducted primarily from the India Bangalore office and at designated field sites across the Krishna-Godavari basin and onshore Karnataka exploration blocks.

Reservoir Characterisation & Modelling: Development of 3D static and dynamic reservoir models using Petrel and Eclipse software for a minimum of two (2) exploration blocks in the India Bangalore region.
Well Log Interpretation: Detailed interpretation of gamma-ray, resistivity, sonic, and density logs for up to 15 wells, including net pay estimation, porosity-permeability mapping, and fluid contact delineation.
Production Forecasting & Decline Analysis: Preparation of 10-year production forecasts, water-cut predictions, and economic limit assessments for existing producing assets.
Drilling & Completion Advisory: Technical review of well plans, casing programme recommendations, and completion strategy for 4 new exploration wells.
Regulatory & Compliance Support: Assistance in preparing technical submissions to the Directorate General of Hydrocarbons (DGH), Government of India, and ensuring compliance with the Petroleum and Natural Gas Regulatory Board (PNGRB) guidelines applicable in India Bangalore and Karnataka.
Monthly Technical Reporting: Submission of detailed monthly progress reports, data quality assessments, and risk registers to the client's project management team.
On-Site Field Visits: A minimum of six (6) on-site visits per quarter to exploration and production sites within a 200 km radius of India Bangalore.

Sr. No.	Description of Service	Duration / Qty	Rate (INR)	Amount (INR)
1	Senior Petroleum Engineer — Monthly Retainer (full-time, 8 hrs/day, 5 days/week)	12 months	4,50,000	54,00,000
2	3D Reservoir Modelling & Simulation (Petrel + Eclipse licences, data processing)	2 blocks	8,50,000	17,00,000
3	Well Log Interpretation & Net Pay Estimation	15 wells	65,000	9,75,000
4	Production Forecasting & Decline Curve Analysis	12 months	3,20,000	3,20,000
5	Drilling & Completion Technical Review	4 wells	1,80,000	7,20,000
6	Regulatory Filing & DGH/PNGRB Compliance Support	12 months	2,50,000	2,50,000
7	On-Site Field Visits (travel, accommodation, per diem within India Bangalore region)	24 visits	45,000	10,80,000
8	Monthly Technical Reports & Data Management	12 reports	80,000	9,60,000
Subtotal (before GST)				1,14,05,000
GST @ 18% (as applicable under Indian tax law)				20,52,900
Grand Total (INR)				1,34,57,900

Amount in words: One Crore Thirty-Four Lakh Fifty-Seven Thousand Nine Hundred Indian Rupees Only.

This Quotation Estimate is valid for thirty (30) calendar days from the date of issue. Beyond this period, rates and availability of the Petroleum Engineer may be subject to revision.
Payment terms: 30% advance upon acceptance of this quotation, 40% upon completion of the first six (6) months of the engagement, and 30% upon successful delivery of the final 12-month report. All payments to be made via NEFT/RTGS to the bank account specified in the service agreement.
All services will be rendered in accordance with the Indian Petroleum and Natural Gas Act, 1999, and applicable regulations of the Government of India. The Petroleum Engineer shall maintain professional indemnity insurance of not less than INR 5 Crores.
Confidentiality: All subsurface data, well information, and proprietary models shared during the engagement in India Bangalore shall remain the exclusive property of the client. A mutual Non-Disclosure Agreement (NDA) shall be executed prior to commencement of work.
Force Majeure: Neither party shall be liable for delays caused by natural disasters, government policy changes, or events beyond reasonable control, as defined under the Indian Contract Act, 1872.
Dispute Resolution: Any disputes arising from this engagement shall be resolved through arbitration in India Bangalore in accordance with the Arbitration and Conciliation Act, 1996. The seat of arbitration shall be Bangalore, Karnataka, India.
Taxes: All applicable taxes, including GST, TDS (as per Section 194J of the Income Tax Act, 1961), and any local levies in India Bangalore, shall be borne as specified in the itemised cost table above.
Intellectual Property: All models, reports, and deliverables produced under this engagement shall vest in the client upon full and final payment.
This Quotation Estimate does not constitute a binding contract until a formal Service Agreement is executed by both parties.

By signing below, the client acknowledges receipt of this Quotation Estimate and agrees to the scope, pricing, and terms outlined herein for the engagement of the Petroleum Engineer in India Bangalore.

For and on behalf of Mehta Petroleum Consulting LLP

Dr. Arjun Mehta
Lead Petroleum Engineer
Date: _______________

For and on behalf of Deccan Energy Resources Pvt. Ltd.

Mr. Rajesh Kumar
VP Operations
Date: _______________ ⬇️ Download as DOCX Edit online as DOCX

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