The Company holds a strong position in the Krishna Godavari basin with both existing production from the Ravva Field and prospective acreage in onshore and offshore blocks. Cairn received the award of the sought after KG-OSN-2009/3 block in the NELP VIII for which a Production Sharing Contract was signed on 30 June 2010.
KG-ONN-2003/1 (Operator: Cairn India, 49% participating interest)
Nagayalanka-1Z was the first discovery in the block. The second exploration well, Nagayalanka-SE-1 also resulted in a light oil discovery and is, to date, the largest oil discovery in the onshore part of the KG basin. The Gross Proved & Probable Hydrocarbons Initially in Place is approximately 480 mmboe.
In accordance with PSC, ONGC took over the Development Phase operatorship on 9 July, 2014 and as a result Cairn India handed over the existing well sites to ONGC.
Krishna-Godavari Basin: KG-OSN-2009/3 (Operator: Cairn India, 100% participating interest)
Detailed planning for the exploration drilling campaign is in progress and drilling is anticipated during FY2016.
The map shows Cairn India’s assets – one block in Rajasthan, two on the west coast and four on the east coast of India and one in South Africa.