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Cairn India to invest Rs 37,000 cr to boost production capacity

Vedanta’s oil and gas vertical Cairn India is intending to make an investment plan of Rs 37,000 crore to boost their crude oil production at its Barmer oil fields in Rajasthan.

The speculation will be made throughout the following couple of years, which will improve the creation and production of raw petroleum or crude oil.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan today initiated an Enhanced Oil Recovery (EOR) program for Mangala-Bhagyam-Aishwarya (MBA) fields in Barmer.

The program will enable the organization in accomplishing the generation to focus of 5 lakh barrels oil for every day (BOPD) from the Barmer oil fields.

“Generation will go up to 3 lakh BOPD in light of the capital venture design of Rs 12,000 crore that has just been started and the creation will additionally go up to 5 lakh BOPD with full speculation design of over Rs 37,000 crore over next couple of years,” the press release said.

The union cabinet ministers communicated with youthful engineers and technocrats along with a group of women petroleum engineers after launching the programme.

Cairn India CEO Sudhir Mathur said the organization has proposed to twofold the yield and MBA-EOR task will assume a crucial part in accomplishing the objective. PTI

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