Cairn India aims to achieve a production level of 200,000-215,000 barrels per day (bpd) of oil during 2013-14 from its Rajasthan block compared to the present production level of 175,000 bpd.
Tag: Cairn India
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Cairn India expects 215,000 bpd output from Rajasthan block
Cairn India aims to achieve a production level of 200,000-215,000 barrels of oil per day (bpd) during 2013-14 from its Rajasthan block compared to the present production level of 175,000 bpd. The Vedanta group firm has 26 discoveries in the block with an in-place reserve of around 7.3 billion barrels of oil equivalent. The main producing areas in the Rajasthan block are the Mangala, Bhagyam and Aishw
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Cairn’s 3 oilfields hold 2.19 bn barrels of reserves
Cairn India's three oil fields - Mangala, Bhagyam and Aishwariya - in its Rajasthan block had an in-place oil reserve of 2.19 billion barrels as of March 31, 2013 compared to 2.090 billion barrels as on March 31, 2012. It may be noted that these three fields produced oil at the rate of about 170,000 barrels per day for most part of
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Cairn India plans $3 bn investment in 3 years
After announcing earnings results for the full year 2012-13, P Elango, CEO of Cairn India informed that the firm aims to invest $3 billion on oil and gas business in India over the next three years. He further said that over 80 per cent of this investment would go into the firm's prolific Barmer oil block in Rajasthan. The firm would meet the entire inves
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Cairn India to up its oil exploration in India at Rs 16K cr
To expand its oil and gas production in India Cairn India will invest $3 billion (over 16,000 crore) in the next three years. Of this, more than 80 per cent (over Rs 12,800 crore) of the total capex will be invested on Cairn's prolific Barmer oil block in Rajasthan, the company's CEO P Elango said, adding that entire capex will be met through internal resources only.
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Cairn may not get relinquished blocks on nomination basis
The Directorate General of Hydrocarbons (DGH) opined that Cairn India can repossess the almost 8,000 square kilometre of area in its prolific Rajasthan block
only by participating in future NELP or Open Acreage Licensing Policy (OPAL) bidding. It may be recalled that Cairn India requested the government to return the area that it previously relinquished as it did not find oil or
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To maintain output, Cairn India mulls 48 more wells
In order to maintain the current peak production level, Cairn India plans to drill 48 wells at a cost of less than $100 million on the Mangala oilfield in its Rajasthan block. Mangala is the biggest among the 26 oil and gas discoveries Cairn has made in the Barmer basin block in Rajasthan
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Cairn finds exploration not feasible in entire KG block
In a letter to the union oil ministry, Cairn India said a quarter of its KG basin block area falling on both sides of "no go area" is operationally not feasible and offered to surrender it to the government. For proper and effective exploration, only 40 per cent of the original contract area of KG-OSN-2009/3 block is feasible, it wrote
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SC delivers verdict on PIL against Cairn-Vedanta deal
The Supreme Court ruled that the central government and ONGC conducted due deliberation before taking a decision on the $8.5 billion Cairn-Vedanta deal. The court ruled this while rejecting a public interest litigation (PIL) challenging the deal on the ground that there was a loss to state-owned ONGC on account of the sale
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EGoM to meet soon to discuss panel recommendation
The Empowered Group of Ministers (EGoM) which is looking into the issue of natural gas pricing and allocation may meet soon to consider the recommendation of Rangarajan Committee on the issue. It may be noted that the finance, power and fertiliser ministries as well as gas producers are opposed to th