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Cairn India to expand its crude oil and natural gas carrying capacity

26 Aug 2015 Evaluate

Cairn India is all set to expand its crude oil and natural gas carrying capacity by laying a new gas pipeline from its Barmer (Rajasthan) field. In this regard, the company will invest Rs 1,400 crore.

The company would expand crude oil output from 200,000 barrels of oil per day (bopd) to 300,000 bopd and natural gas carrying capacity from 6.3 million standard cubic feet per day (mmscfd) to 40 mmscfd.

The main component of investment would go into the augmentation of existing Mangala Development Pipeline (MDP) from RJON-90/1 Block (Barmer, Rajasthan) to Bhogat Terminal (Gujarat) and development of new 30 inch pipeline from Raageshwari Gas Terminal to Palanpur for 280 mmscfd natural gas sale.

Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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