Cairn JV to invest $100 mn to drill deeper well in KG basin
Cairn and the Ravva JV have said they are confident of the field's considerable remaining reserve potential and of producing more oil from this block.
This has been possible only through life-cycle planning, continuous monitoring and the innovative application of operating technologies, sources added.
Meanwhile, Cairn India in a recent corporate presentation said an appraisal well drilling was planned in the first quarter of next year to evaluate size and commerciality of the second discovery it made in KG-Basin – Nagayalanka-SE.
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