Cairn India makes 26th oil discovery in Rajasthan
Cairn India, the company which discovered hydrocarbon deposits in the
Mannar basin, on Tuesday, announced that it had made the 26th oil
discovery in its prolific Rajasthan block in India.
"Cairn India has made its latest oil discovery, the 26th discovery so
far in the RJ-ON-90/1 block, following recent policy clarity by the
Government of India (GoI), to conduct exploration activity in
development blocks," the company said in a statement on Tuesday.The
Management Committee approved the exploration work programme for the
RJ-ON-90/1 block on February 14, after which Cairn India, the operator
of the block, commenced the drilling of its first exploration well,
Raageshwari-South-1, on February 25, located in the southern part of the
block.
"Technical evaluations indicate about 10 metres of gross oil column
within DharviDungar Formation," it said.
"Oil has been discovered and tested for the first time in
DharviDungar sands in Raageshwari-Tukaram area, where previous
discoveries were in the shallower Thumbli sands," the company said,
adding the volumes of oil in place and the potential resource base
associated with this discovery, were under evaluation. "We are delighted
with the 26th discovery in the block. This reaffirms our belief that an
aggressive exploration drilling programme would help harness the full
potential of the Barmer
Basin in Rajasthan. This is a step closer towards reserve accretion
through exploration-led growth," Cairn Chief Executive Officer Elango P
said in the statement.
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