Cairn India to Develop Bhagyam Oil Field in Rajasthan

By Narsi Santhanam • Mar 29th, 2010 • Category: Uncategorized

Cairn India has decided to initiate development of its Bhagyam field in Rajasthan. It intends to bore nine wells in Aishwariya and 15 wells in Bhagyam. The venture is a JV between Cairn India (70%) and ONGC (30%).

Cairn had recently revised its estimate of oil blocks in Rajasthan and the potential resource is now pegged at 6.5 billion barrels of oil equivalent. Its resources in Mangala, Bhagyam and Aishwariya (referred to as MBA) have increased from estimates of 3.7 to 4 billion BOE.

In Feb 2010, Cairn pumped out 60,000 T of oil from its Rajasthan fields.

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Narasimhan (Narsi) has extensive experience in understanding renewable energy markets and strategic levers for success in these markets. His special focus has been his work on the Indian renewable energy industry. His work in the previous 15 years have spanned market and industry research, product management and international sales, and strategic consulting. see more http://www.eai.in/ref/team/ns.html

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