Cairn India to raise production from Barmer oilfields in Rajasthan

Cairn India is planning to raise production from its flagship Barmer oilfields in Rajasthan to over 200,000 bpd of oil and gas this fiscal from 178,000 bpd at present. In this regard, the company is awaiting clearances to ramp up production to this level.

The company expects increased production from two blocks -- Bhagya and Aishwarya -- in the region. Its production comes from five fields in the region, the other three being Mangala, Ragheeswari and Saraswati.

Further, the company will invest $3 billion for exploration and production in the next three years. Of total, Rs 13,000 crore will be invested in Rajasthan only during this period, with plans to drill 100 exploration and 350 developmental wells.