Cairn India has won essential nods for raising output from its largest fields in the Rajasthan block by 25,000 barrels per day. Mangala oilfield, the largest of the 25 oil and gas finds Cairn has made in Barmer block in Thar deserts of Rajasthan, currently produces 125,000 bpd. Besides 125,000 bpd from Mangala, Cairn currently produces over 25,000 bpd from Bhagyam field, the second largest oilfield in the Rajasthan block.
The company's plan to raise output from Mangala by 25,000 bpd to 150,000 bpd got backing from partner Oil and Natural Gas Corporation (ONGC) and third party independent valuers. This is much in line with the upstream regulator Directorate General of Hydrocarbons (DGH) direction on these certifications before permitting Cairn to raise output.
The Operating Committee, that manages day-to-day operations of the Rajasthan block, on March 30 approved raising Mangala output, however, the company now needs a final approval from the block oversight panel, called the Management Committee, which is headed by DGH and comprises of representative of oil ministry. After the Committee's nod, the total output from Rajasthan would jump to 175,000 bpd.
| Company Name | CMP |
|---|---|
| ONGC | 283.95 |
| Oil India | 470.10 |
| Jindal Drilling&Inds | 540.15 |
| Deep Industries | 476.90 |
| Asian Energy Service | 306.05 |
| View more.. | |
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