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Cairn India to drill more appraisal wells at Ravva oil fields

25 May 2012 Evaluate

Cairn India is looking for drilling more appraisal wells to maintain output at the Ravva oil fields in the East Coast. The company is deciding on commercial feasibility of new finds in the Nagayalanka block of Krishna Godavari basin. It has allocated the task of reservoir certification work for the East Coast onshore find to Global petroleum consulting company DeGolyer and McNaughton.

The company aims to have about 550 million barrels at the latest oil find in Krishna Godavari onshore block discovery. It is now concentrating on second successive discovery at Nagayalanka bock in Krishna district of Andhra Pradesh.

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Company Name CMP
ONGC 236.60
Oil India 469.80
Jindal Drilling&Inds 606.80
Deep Industries 773.05
Asian Energy Service 489.70
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