Cairn India is expecting a total output of 2.25-2.40 lakh bpd by March 2014. The company’s FY13 total oil-equivalent output stood at 2 lakh bpd. Further, the company is planning to drill over 450 wells in Rajasthan block in three years. Meanwhile, the Barner hill production is expected to start this fiscal.
Earlier in May, the company reported 5% increase in oil reserves at its main MBA oil fields in the prolific Rajasthan block, which holds 2.19 billion barrels of in-place oil reserves at the end of 2012-13 fiscal. Mangala, Bhagyam and Aishwariya, popularly known as MBA fields, which are producing at the rate of about 170,000 barrels per day for most part of the year, are estimated to hold 2.19 billion barrels of oil equivalent.
