Some analysts expect Cairn India to upgrade crude oil reserves in its prolific Rajasthan field in the next two-three quarters led by higher exploration and drilling activities. It may be noted that the government allowed the company to conduct additional exploration in place. The com
Tag: Cairn India
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Cairn India awaits govt nod for Rs 50 bn investment plan
Cairn India is awaiting government approval for an over-arching integrated block development plan which envisages investment of Rs 5,000 crore on its Rajasthan oil fields between 2013-2016. The company is also awaiting government decision on extending the Production Sharing Contract (PSC) of the R
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Rajasthan govt studies proposed CGD venture
Rajasthan government is evaluating the proposal of Cairn India to partner with Rajasthan State Petroleum Corporation (RSPCL) and Gail to launch city gas distribution service in the state, reports indicate. The state government may take a final decision by this month-end, according to some media reports. The company could be a good fit as the original contours of the J
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Rajasthan govt studies proposed CGD venture
Rajasthan government is evaluating the proposal of Cairn India to partner with Rajasthan State Petroleum Corporation (RSPCL) and Gail to launch city gas distribution service in the state, reports indicate. The state government may take a final decision by this month-end, according to some media reports. The company could be a good fit as the original contours of the J
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Cairn India discovers oil in Rajasthan block
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 colu
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Investors cast doubt on output forecast of Cairn India
Reports indicate that investors have doubts on the exit production (production at the end of the fiscal) forecast of Cairn India for 2013-14. The Anil Agarwal-promoted firm expects its exit production for March 2014 to be in the range of 210-215 kilo barrel per
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Cairn India shows interest in downstream sector
Cairn India has shown interest to be a part of a joint venture GAIL India and Rajasthan State Petroleum Corp (RSPCL) for supply of natural gas in Rajasthan. With this, the Anil Agarwal-led Cairn India plans to enter into the downstream sector, which refers to the refining of petroleum crude oil and the processing and purifying of raw natural gas, as well as the marketing and d
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Cairn India, ONGC to produce oil from Aishwariya field
Cairn India and ONGC, which is a 30 per cent joint venture partner in the former's Aishwariya oil field in Rajasthan, hope to close 2013-14 at a production rate of 200,000-215,000 barrels of oil a day from the field. Aishwariya is the third largest discovery in the Rajasthan block and can produce higher than the current production rate approved under the field development plan.
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Oil firms term pricing formula of Rangarajan panel as “defective”
Oil and gas exploration companies submitted their views on the recommendations of the C Rangarajan committee on natural gas pricing to union petroleum ministry. The companies argue that linking the price of domestic natural gas to that prevalent in gas-surplus economies is defective
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Cairn drills well in Rajasthan block to raise output
According to a company statement, Cairn India commenced drilling of the first exploration well, after a gap of more than four years, in the prolific Barmer Basin in its Rajasthan oil and gas block. The move to drill well follows the endorsement of the exploration Work Programme for the Rajasthan Block (RJ-ON-