Cairn to invest Rs 37,000 crore to increase crude production at Rajasthan facility: Report

15 Jan 2018 Evaluate

Cairn India is reportedly planning to invest Rs 37,000 crore to ramp up crude production at its Barmer oil fields in Rajasthan. The investment will be made over the next few years, which will enhance the production of crude oil.

Meanwhile, the company inaugurated an Enhanced Oil Recovery (EOR) programme for Mangala-Bhagyam-Aishwarya (MBA) fields in Barmer. The programme will help the company in achieving the production target of 500,000 barrels oil per day (BOPD) from the Barmer oil fields.

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

Peers
Company Name CMP
ONGC 144.90
Oil India 237.55
Jindal Drilling&Inds 259.55
Asian Energy Service 67.60
Hind Oil Exploration 131.00
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