The Mangala Oil Field is leading the country towards PM’s vision of Aatma Nirbhar Bharat

New Delhi, 28 August 2020: India’s largest private oil and gas exploration and production company, Cairn Oil & Gas, Vedanta Limited, completes 11 years of Mangala oil field operations on 29th August 2020. The ‘first oil’ from Mangala field, India’s largest oil find in the last 30 years, was discovered on August 29, 2009. The company’s gross proved, and probable reserves and resources base is 1.2 billion barrels of oil equivalent as on March 31, 2020.

Cairn’s operations at the Rajasthan block holds significant national importance. The block has contributed a cumulative $18.0 billion to the nation and state exchequers. The application of worldclass technology and digitalisation has helped maintain business continuity and safe operations, even during the COVID-19 pandemic

Pramod Jain Bhaya, Minister of Mines & Gaupalan, Govt. of Rajasthan said, “The joint venture by ONGC and Cairn for the exploration and production of oil and gas has transformed the socioeconomic landscape of western Rajasthan. Since 2009, when production started at Mangala, the region now produces around 150,000 barrels of crude oil every day, contributing to the growing need for energy as well as creating opportunities for livelihood and economic prosperity. I extend my heartiest congratulations to ONGC, Cairn, all the oil and gas personnel as well as the citizens of Rajasthan on completing 11 years of production and wish them success for the future.”

Dr.Subodh Agarwal, Additional Chief Secretary, Dept, of Mines & Petroleum, Govt. of Rajasthan said, “Barmer oil fields have witnessed a phenomenal output not only in terms of the crude oil production, but also the success of new era of technology. We have been able to support the industries since the beginning of its journey in Barmer. During the last one decade oil and gas production has contributed ~35,000 crores to Govt of Rajasthan and per capita income of Barmer district has increased by 650 times. We are hopeful that these fields will continue to expand their operations to ensure India’s energy security and contribute towards the socio-economic progress of the state.”

Speaking on the occasion, Sunil Duggal, Chief Executive Officer, Vedanta Limited, said, “This milestone is a result of our efforts that have accelerated growth plans, enabling safer oil production to put India on the path to energy security. The economic and social impact of oil production from Rajasthan has indeed made Mangala oil field the crown jewel for the state and for India.”

Cairn is committed to maximise the potential of its Rajasthan block through application of innovative technologies like horizontal wells, EOR (Enhanced-Oil-Recovery), ASP (AlkaliSurfactant-Polymer) etc. A successful EOR-ASP pilot at Mangala led to the full-field polymer flood implementation, one of the largest polymer flood applications in the world. Asset integrity, optimisation of workflows, use of predictive analysis, automation of production workflows, Artificial Lift Surveillance (ALS) are some of the recent technology led initiatives in the field.

In addition to the direct impact that the business has had on the region, Cairn’s community interventions in areas of healthcare, drinking water and sanitation, education, and livelihood generation have brought about a sea change in the lives of people and communities in and around Barmer. Recently, the company introduced several initiatives as part of ‘Project Sanjeevani’, to prevent the spread of coronavirus among communities.

About Cairn Oil & Gas, Vedanta Ltd.

Cairn Oil & Gas, Vedanta Ltd., is the largest private oil and gas exploration and production company in India, accounting for more than a quarter of India’s domestic crude oil production. It has a world-class resource base, with a current interest in 58 blocks in India, including the 41 blocks under the Open Acreage Licensing Policy (OALP) Round I auction, five blocks each under Round II and Round III, and two awarded under the Discovered Small Fields (DSF) Round-II. In 2004, Cairn made the largest onshore discovery in more than two decades in India at Mangala, Rajasthan. In its operations of 20 years, Cairn has opened four frontier basins with numerous discoveries, 38 in Rajasthan alone.

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa, Namibia, and Australia. For two decades, Vedanta has been contributing to India’s growth story, currently contributing 1 percent of India’s GDP. The company is among the top private sector contributors to the exchequer with the highest ever contribution of INR 42,560 Crore in FY 2019. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment and on enhancing the lives of local communities. The company has been conferred the CII-ITC Sustainability Award, the FICCI CSR Award, Dun & Bradstreet Awards in Metals & Mining, and certified as a Great Place to Work. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

For more information, please visit www.vedantalimited.com / www.cairnindia.com