Cairn Oil & Gas, which has three oil fields in Rajasthan (Mangala, Bhagyam, and Aishwariya), is intending to double its production capacities and further increase its contribution to India’s oil & gas sector.
Cairn Oil & Gas, India’s largest private sector crude oil producer and a unit of Vedanta Group, has reached a significant milestone as it has completed thirteen glorious years marked with successful operations from its Mangala oil field in Barmer, Rajasthan. The discovery of the oil field in 2004 was marked as India’s largest onshore discovery in this period of over two decades.
Since its discovery of the first oil, the Mangala oil field has generated more than 497 mmbbls (one thousand and one million barrels) as of August 2022.
Mr. Prachur Sah, Deputy CEO, Cairn Oil & Gas, remarked, “We are happy to announce that Mangala oilfield has completed its 13th year of production. The field has been instrumental in supporting India’s domestic crude oil production and we are confident that the field will remain relevant in the coming years as India charts its path towards energy ‘aatmanirbharta’. The field has been home to some of the finest global partnerships that have propelled innovation in technologies of oil and gas exploration and production.”
Mr. Shah also added that Cairn is aiming to reach double the current production capabilities and contribute 50 percent to India’s domestic crude production.
Presently, Cairn Oil & Gas is a proud contributor to India’s domestic crude oil sector, with about 25 percent and with its oil fields in Rajasthan, Gujarat, and Andhra Pradesh. A lion’s share of this production is generated from Cairn’s Rajasthan oil fields’ block which includes Mangala, Bhagyam, and Aishwariya. The net production from the block has surpassed 660 mmboe (million barrels per day). Moreover, the Mangala field and Rajasthan block will be in the driver’s seat, leading the nation towards self-reliance.