Cairn India, partners set to invest Rs 3,240 crore in the Ravva fields

17 Apr 2017 Evaluate

Cairn India, along with its partners is set to invest Rs 3,240 crore in the Ravva fields in the Krishna-Godavari Basin (KG- Basin), for drilling 20 developmental wells and for setting up related infrastructure, as the oil and gas production is dwindling from the existing wells. In this regard, the company has approached the Ministry of Environment Forest and Climate Change seeking necessary clearances for the proposed project.

Cairn India is one of the largest independent oil and gas exploration and production companies in India.

Peers
Company Name CMP
ONGC 155.05
Oil India 232.20
Jindal Drilling&Inds 199.65
Aban Offshore 49.35
Asian Energy Service 91.30
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