Cairn India discovered crude oil at its Rajasthan oil and gas field. This is the 26th oil discovery of the company in the block.
The company discovered oil and tested for the first time in Dharvi Dungar sands in Raageshwari-Tukaram area, where previous discoveries were in the shallower Thumbli sands.
According to technical evaluations, Dharvi Dungar formation may have about 10 metre of gross oil column.
The company is evaluating the volumes of oil in place and the potential resource base associated with this discovery.
Cairn India CEO P Elango said the discovery in the block reaffirmed the companyÂ’s belief that an aggressive exploration drilling programme would help harness the full potential of the Barmer basin in Rajasthan. This is a step closer towards reserve accretion through exploration-led growth.
On February 14, the company received approval from the block management committee for the exploration work programme in the RJ-ON-90/1 block. Following this, the firm commenced drilling of its first exploration well, Raageshwari-South-1, on February 25 located in the southern part of the block.
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