Come August, Barmer oilfields will clock a decade of production. However, for the operator, Cairn Oil & Gas — a vertical of Vedanta Ltd — there are many challenges. They include not only getting every barrel out of the ground from this otherwise declining field and the procedural issues with joint venture partner ONGC, but also developing other hydrocarbon areas that Cairn has added to its kitty.
While for the existing producing fields — Barmer and Ravva — it is working on enhancing output, for developing the new fields it has adopted a cluster approach and outsourcing model. The company calls it Integrated Project Management.
With 58 blocks, including 41 blocks under Open Acreage Licensing Programme (OALP) Round I auction, five each under OALP Rounds II and III and two blocks awarded under Discovered Small Fields Round II, Cairn today is probably the biggest private sector player in the hydrocarbon space in India.Read More
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