Cairn India focus is on finding partners for oil & gas blocks: Sudhir Mathur


Cairn India focus is on finding partners for oil & gas blocks: Sudhir Mathur

Cairn India has been talking about significantly ramping up oil and gas production from its blocks in Rajasthan. What is the current status of it as of now?

We started on a $3.2 billion dollar programme about eight or nine months ago. It is in full swing now in various areas. One was on the tight oil part, one is on the gas part and also on enhanced recovery, which require significant amount of technology. All the work has started now.

The contracts were being given out during the course of the year. Work is in full swing. And you could see increase in production from April onwards.

What will be your key business focus area for FY20?

Well, it is getting these projects executed because these are significant projects, totalling up to $3.2 billion. The idea is to increase reserves by 400 million barrels and peak production from these projects by 100-125 thousand barrels. That is our focus, number one. Read More

 

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