Cairn India begins gas sales from Rajasthan block
Oil Minister M Veerappa Moily and Rajasthan Chief Minister Ashok Gehlot turned the valves to begin natural gas sales from the Raageshwari field to a fertiliser plant in Gujarat.
Cairn and its 30 per cent joint venture partner Oil & Natural Gas Corp (ONGC) will initially produce about 5 million standard cubic feet per day (0.15 million standard cubic meters per day) of gas, which will go up to a maximum of 1 mmscmd by next year.
Besides, Cairn-ONGC joint venture started production from Aishwariya oilfield, third of the famous MBA (Mangala-Bhagyam- Aishwariya) discoveries in the block.
The field will initially add about 2,000 barrels per day to Rajasthan block's current production of about 170,000 bpd. At peak, the field will produce 10,000 bpd which may be achieved by end of the year.
Mangala, the largest of the 25 oil and gas finds Cairn has made in the Barmer dessert block, was put into production in August-end 2009 and is currently producing about 150,000 bpd. Bhagyam, the second biggest find in the area, began producing last year and is currently doing about 20,000 bpd.
Cairn India CEO P Elango said the company can produce more "provided we get timely regulatory approvals".
"We can make (this block) the largest producing field in the country," he said.
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