Cairn India is working on raising crude oil production from its Barmer fields in Rajasthan. The company’s production from Rajasthan has reached 175,000 barrels a day and the resource base in the area provides a basin potential to produce 300,000 barrels a day. Media reports suggest that increase in output is subject to further investments and regulatory approvals. The company’s average daily gross operated production in fiscal 2012 from Rajasthan, Ravva and Cambay was 172,887 barrels of oil equivalent per day and the average price realisation was $102.7 per barrel of oil equivalent. Cairn had been arguing for a uniform extension policy for exploration and production activities. This would help the contractors continue with the field development plans without facing any bottlenecks.
Contact: Cairn India Ltd
Tel: +91-124-4593000
Web: www.cairnindia.com
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