Web Exclusive | June 2014
Cairn India to raise production from Barmer field
Our Mumbai News Bureau
Cairn India, received environmental clearance to raise production from its Barmer block in Rajasthan. The company has received approval to augment hydrocarbon production from the RJ-ON-90/01 block in Barmer to 300,000 barrels of oil per day (bopd) from the current limit of 200,000 bopd. Cairn India contributes almost 30 per cent of India's domestic crude oil production. To date, Cairn India has opened four frontier basins with over 40 discoveries, 31 in Rajasthan alone. The company achieved the targeted production rate of 200,000 boepd from the Rajasthan block in March 2014. The block also reached a landmark cumulative oil production of 200 million barrels within less than five years of inception, contributing significantly to the country's energy needs. In the last fiscal Cairn India had reported a gross contribution of Rs 24,299 crore to the government exchequers.