Cairn India to launch world’s largest enhanced oil recovery programme

Cairn India is set to roll out the world’s largest enhanced oil recovery programme. In this regard the company will invest about $760 million in the site where its first oil was discovered in the Thar desert of Rajasthan.

The company is expected to complete 100 exploration and appraisal wells and 350 development wells in 2016. The Enhanced oil recovery (EOR) spending spans over Mangala and Bhagyam oil fields in the Rajasthan block to help arrest the natural decline and maintain production.

Cairn India is one of the largest independent oil and gas exploration and production companies in India with a market capitalisation of $10 billion.