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Cairn India plans to double Rajasthan output by end of the year

24th July 2014

Cairn India has pointed to new technology and more efficient production as the catalysts in a planned doubling of output from its onshore plays

Cairn India plans to double Rajasthan output by end of year
The Rajasthan Block produced around 16.7 million boe in the quarter, achieving a cumulative total production of around 233 million boe until the end of Q1 FY15

“In line with our vision to contribute to the nation’s energy security, we are confident of not only achieving the stated exploration target of 3bn barrels of hydrocarbons in-place, ahead of schedule, but also of adding another 3 billion barrel to our un-risked prospect inventory,” said Sudhir Mathur, interim CEO, Cairn India, in a report.

“With multi-trillion cubic feet potential, we expect gas to be a significant contributor in our product mix. Before end of financial year 2015, we anticipate doubling of gas production from Rajasthan.

“Our two main projects of enhanced oil recovery and debottlenecking Mangala Processing Terminal are as per schedule.”

The report states that revenue has risen 10 per cent year-on-year to USD 750m.

Since the re-commencement of exploration in the Rajasthan block in March 2013, Cairn has established 1.2 billion barrels of oil equivalent (boe) of hydrocarbons in-place to date relative to its three-year drill-out target of three billion boe.

The Rajasthan Block produced around 16.7 million boe in the quarter, achieving a cumulative total production of around 233 million boe until the end of Q1 FY15.

Thirty-four new wells were brought on production during the quarter contributing to the block’s gross average production of 183,164 boe per day.

Sequential quarterly production was impacted by an unplanned outage at MPT in May 2014, resulting in reduced facility uptime of around 96 per cent.

The company hopes that new discoveries and prospect volumes will take the total Rajasthan discovered hydrocarbons in-place to over seven billion boe, with an additional un-risked prospect inventory of approximately three billion boe being identified for drill-out commencing FY16.

The 3D seismic data acquisition programme for around 1,900 square kilometres that is currently underway will further help in identifying new exploration leads and augmenting the prospective resource base.

The company reports acquiring 411 square kilometres of 3D seismic data to date (30/6/14).

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