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Cairn India hikes daily crude production in Rajasthan by 8%: Report

07 Jan 2014 Evaluate

Cairn India has reportedly hiked daily crude production in Rajasthan by 8% to 190,000 barrels per day (bpd) from 176,000 bpd earlier. The company has increased the production from Aishwarya and Bhagyam fields in Rajasthan.

The company is on track to meet guidance of 215 kbpd for FY14 end. However, it declined to give any comment on production hike.

Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. Average daily gross operated production was 205,014 boepd in Q3 FY2012-13. The Company sells its oil to major refineries in India and its gas to both PSU and private buyers.

Peers
Company Name CMP
ONGC 224.90
Oil India 443.80
Jindal Drilling&Inds 571.45
Deep Industries 745.50
Asian Energy Service 455.10
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