Cairn India has received nod from a block oversight committee, headed by the Directorate General of Hydrocarbons (DGH), to drill exploration wells on the prolific Rajasthan block. With this initiative, the company aims to boost its output to 215,000 barrels per day by March 2014.
This proposal to allow exploration in a producing field was pending with the Oil Ministry for more than one and a half years. Oversight committee had previously asked Cairn to detail its exploration campaign in form a work programme with requisite approval of a panel comprising of its partner Oil and Natural Gas Corp (ONGC). The entity has plans to end the 2013-14 financial year with 200,000 to 215,000 bpd output and further exploration in the block is key to adding more reserves.
