Cairn India is amongst the world’s fastest-growing independent oil and natural gas exploration and production companies, with 1.3 billion boe of gross proved and probable reserves and resources as of 31 March 2013 and 205,323 boepd of average operated production in FY2013.
The company combines a world-class asset portfolio with proven expertise across exploration, development and production. It delivers best-in-class production growth with one of the lowest operating costs to create significant value for all stakeholders.
Cairn India – contributes almost 25 per cent to India’s domestic crude oil production. Through its affiliates, Cairn India has been operating for more than 15 years playing an active role in developing India’s oil and gas resources. To date, Cairn India has opened 3 frontier basins with over 40 discoveries, with 26 in Rajasthan alone
The Mangala field in Rajasthan, discovered in January 2004, is the largest onshore oil discovery in India in more than two decades. Mangala, Bhagyam and Aishwariya fields –major discoveries in the Rajasthan block – have gross ultimate oil recovery of over 1 billion barrels.
Cairn India has a portfolio of 9 blocks - one block in Rajasthan, which contains multiple assets, two on the west coast and four on the east coast of India and one each in Sri Lanka and South Africa. Oil and gas is currently being produced from Rajasthan, Ravva and Cambay.