Cairn, Oil & Gas vertical of Vedanta Limited operates ~ 27 per cent of India’s domestic crude oil production in FY 2015-16. Through its affiliates, the vertical has been operating for over to 20 years playing an active role in developing India’s oil and gas resources. To date, Cairn has opened 4 frontier basins with numerous discoveries, 38 in Rajasthan alone.
The Mangala field in Rajasthan, discovered in January 2004, is the largest onshore oil discovery in India in more than one decades. Mangala, Bhagyam and Aishwariya fields, the three major discoveries in the Rajasthan block, together, have a gross hydrocarbons initially-in-place of about 2.2 billion barrels of oil equivalent.
Cairn has a portfolio of 7 blocks of which 6 blocks are in India - one in Rajasthan with multiple assets, one on the west coast and four on the east coast - and one in block in South Africa. Oil and gas is currently being produced from Rajasthan, Ravva in Andhra Pradesh and Cambay in Gujarat.