New Delhi, August 20 news, British Energy Cairn Energy India under the Cairn India subsidiary, announced here today that the company and its partners Indian Oil and Natural Gas Corporation (ONGC) in 2011 will invest 200 billion rupees (4 one billion U.S. dollars) to improve the state of Rajasthan in India's oil production Bermer field.
Bermer oil from three oil fields of the Mangala oil field, respectively, Bhagyam and Aishwariya oil fields. Cairn India to invest these three fields is aimed at these three oil fields to increase oil production from 25,000 to 200,000 barrels per day. In this project, Cairn India has a 70% stake, while India has a 30% stake in ONGC. This three field 2P have 0.7 billion barrels of recoverable oil reserves, as well as 0.3 billion barrels of oil recovery potential.
Aug. 22, 2009
