Essar Oilfields Services is in the process of procuring six on-shore drilling rigs for coal bed methane (CBM) at a cost of about $36 million. These rigs have greater mobility as required in CBM drilling,
Tag: oilfields
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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 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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Cairn India may upgrade reserve estimate
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
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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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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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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-
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Cairn India aims 215,000 bopd output in FY14
Cairn India aims to produce 215,000 barrel of oil per day (bopd) during 2013-14 from its Rajasthan block. This is based on the company managementÂ’s guidance and the expectation that the Bhagyam field would produce 40,000 bopd only by the second half of 2013
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