Delhi MCD Election Results 2017

Source: media reports

Cairn to produce 16% more oil from Rajasthan fields

Cairn to produce 16% more oil from Rajasthan fields
Comment E-mail Print Share
First Published: Tue, Aug 26 2008. 01 25 PM IST
Updated: Tue, Aug 26 2008. 01 25 PM IST
PTI
New Delhi: Cairn India’s Rajasthan fields will pump over 16% more oil at 175,000 barrels per day and will contribute over one-fifth of the country’s current domestic oil output, when it commences production in second half of 2009.
“Cairn has submitted a revised development plan for Mangala oil field, largest in the Rajasthan block and has got investment approval for the second biggest field called Bhagyam,” company’s Chief Executive Rahul Dhir said today.
“This will allow us to reach an estimated sustainable plateau production rate of 175,000 bpd from the three proven fields of Mangala, Bhagyam and Aishwariya (MBA) up from the previous forecast of 150,000 bpd,” he told PTI from London.
The revised field development plan from Mangala envisages a 25% increase in peak production at 125,000 bpd.
Dhir said the company has contracted two drilling rigs and development drilling would begin in the last quarter of 2008 calender year.
“The focus for us now has shifted to execution of the ground,” he said, adding the company was on course to deliver first oil from Rajasthan in second half of 2009.
Together with enhanced oil recovery (EOR) scheme, the Rajasthan block can sustain peak output of 175,000 bpd for 10 years.
A pipeline is being laid from Barmer district of Rajasthan to Gujarat coast for transporting the crude to refineries.
Dhir stated that the company was also said to drill its first well in the Bihar block later this year.
Comment E-mail Print Share
First Published: Tue, Aug 26 2008. 01 25 PM IST