After four long years break, Vedanta Resources-controlled Cairn India has resumed its exploration drilling programme in the Rajasthan block. The move is part of the company’s plan to drill 100 wells over three years and increase its production from the Barmer basin in Rajasthan to 3 lakh barrels per day (bpd) from the current 1.75 lakh bpd. The company for this will be investing a sum of $300 million.
Delay in government approval had mainly halted Cairn’s exploration drilling activity for the last four years. Resumption of action now is expected to take its reserve potential from the basin to half-a-billion barrels. Cairn currently has three producing fields in the basin – Mangala, Bhagyam and Aishwariya, commonly called as MBA fields.
