Cairn India On Course to Roll Out Enhanced Oil Recovery Plan
New Delhi: Cairn India is set to launch the world’s largest enhanced oil recovery programme, investing about $760 million in the site where its first oil was discovered in the Thar desert of Rajasthan. As part of the plan, the company will complete 100 exploration and appraisal wells and 350 development wells in 2016, Cairn India chief executive Mayank Ashar told PTI. The EOR (enhanced oil recovery) spending spans over Mangala and Bhagyam oil fields in the Rajasthan block to help arrest the natural decline and maintain production. Almost two…
Read More