Cairn India is based in India and has strong ownership within India and from overseas.
The Initial Public Offering (IPO) of Cairn India in 2007 was a natural evolution of Cairn. This built on over a decade of remarkable achievement in South Asia, particularly the Mangala discovery in Rajasthan in January 2004.
Cairn India’s oil and gas fields at Ravva and CB/OS-2 are the cornerstones of its existing production.
New production
Cairn began production from its Mangala oilfield in August 2009. The next fields to be placed on production will be the Bhagyam and Aishwariya fields.
Production from the MBA fields will gradually ramp up to a plateau of at least 175,000 barrels of oil per day (bopd) subject to the necessary governmental approvals. Once fully onstream, these fields will provide a significant step-change in production for Cairn and will create value for the Government of India, the Rajasthan State Government and investors in Cairn India and Cairn Energy PLC.
Our presence in the region
Cairn plays an important role in development of the oil and gas sector in India. Estimates suggest we will operate 20% of India’s oil production – as long as production remains at current levels and the Mangala, Bhagyam and Aishwariya fields fulfil our targeted production levels.
South Asia, which provides much needed energy to rapidly growing economies, is one of the most exciting investment locations for the hydrocarbon sector.
Cairn India and its joint venture partners have invested billions of dollars in projects and developments in this region.
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