Cairn India

[7] Now the Company plans to invest $3 billion in the next three years in finding more oil and raising output from Rajasthan oilfields.

While waiting on government approval on its agreement with Cairn Energy, Vedanta acquired an additional 18.5% on the open market including a 10.4% stake from Petronas for $1.5 billion.

CB-X, a marginal gas field in the transition zone of the CB/OS-2 block was in production between June 2007 and August 2009.

The asset team recorded 0.93 million Lost Time Incident (LTI) free hours and delivered facilities uptime of 99.9% during the financial year 2012–13.

The Mangala[10] field in Rajasthan,[11] which was discovered in January 2004, is the largest onshore oil discovery in India in more than 20 years.

The Mangala, Bhagyam and Aishwariya (MBA) fields have gross recoverable oil reserves and resources of over one bn boe.

The Mangala, Bhagyam and Aishwariya (MBA) fields have gross recoverable oil reserves and resources of approximately one billion barrels.

Following an assessment of higher production potential and design optimisation due to increased reserves and resources, Cairn India has commenced development work in the field.

The field will achieve a gradual and safe ramp up to reach the currently approved FDP rate of 10,000 barrels (1,600 m3) of oil per day.

The Raageshwari and Saraswati fields continue to cumulatively contribute over 500 barrels (79 m3) of oil per day towards the total production from the block.

On 23 March 2013, The Cairn-ONGC Joint Venture (JV) commenced commercial sale of gas from the Rajasthan Block (RJ-ON-90/1).

Following the processing, the crude oil is transported to distant consumer refineries through a 24 inches (61 cm) diameter continuously heated and insulated pipeline.

The MDP originates from Mangala Processing Terminal (MPT) in the Mangala Field and passes through two states (Rajasthan and Gujarat), eight districts and travels up to ~670 km before it reaches its end at the coastal location of Bhogat near Jamnagar on the western coast line of India.

This provides security along the entire length, utilising a fibre optic electronic vibration system that generates an alarm.

The entire length of the pipeline is monitored at the MPT, Viramgam and Bhogat terminals for flow, temperature, pressure, and other operational parameters.

Phase 1 of the pipeline construction from MPT to Salaya, in Gujarat, includes spur lines to connect to private refiners and another spur line at Radhanpur to connect with the Indian Oil Corporation Limited's (IOCL's) Mundra to Panipat crude pipeline.

Phase II: From Salaya to the Bhogat terminal on the Arabian Sea coast, and a pipeline connecting the terminal to the marine facilities is under construction The Block SL 2007-01-001 was awarded to Cairn Lanka Private Limited, the wholly owned subsidiary of Cairn India.

The drillship 'Chikyu' was mobilised and three well exploration drilling campaign in the SL 2007-01-001 block commenced in August 2011.

The results of the well are being integrated with reprocessed 3D seismic data to finalize the forward programme which includes the options for appraisal of the existing two discoveries and entering exploration phase-III.

Located in the geologically proven Orange Basin along the northwestern maritime border of South Africa with Namibia, the block is on trend with the discovered Kudu and Ibhubesi gas fields.

Government approval has been received for transfer and assignment of PetroSA's Participating Interest (PI) to Cairn in Block 1.

This association, for a sum of several crores per annum, will cover the senior and junior national men and women teams.