Cairn Energy in India - timeline
Cairn Energy made more than 40 significant oil discoveries both onshore and offshore India.
Together with JV partners, Cairn Energy contributed >30% India’s domestic crude oil production. Across all operations, Cairn Energy aimed to make a positive impact working with local communities to improve infrastructure, health, education and trading prospects. The Barmer district of Rajasthan now has an average income 40% higher than the national average and is the second largest contributor to Rajasthan's GDP.
Cairn Energy's discoveries have generated revenues of more than US$20 billion for the state and national government.
Cairn acquires Command Petroleum, an Australian company, and an interest in Ravva in the Krishna Godvari basin offshore east India. Cairn becomes operator.
Transaction with Shell gives Cairn a 10% interest in the Rajasthan block.
Cairn signs a Production Sharing Contract in the Cambay Basin offshore west India. Cairn becomes operator.
Ravva oil field reserves doubled.
Ravva production increased from 3,700 barrels of oil per day to 50,000.
First Rajasthan discovery (Guda field).
First discovery in Cambay Basin, Lakshmi field.
Second discovery in Cambay Basin, Guari field.
First gas produced from Lakshmi field. Discovery to delivery in 28 months.
Cairn acquires 100% interest in the Rajasthan block from Shell.
Major discovery of the Mangala field, followed by the Aishwarija and Bhagyam fields in the Rajasthan block.
In 2004 Mangala was the largest onshore hydrocarbon discovery in India in 25 years. Bhagyam and Aishwarija were the second and third largest discoveries.
First oil from Cambay Basin, Gauri field.
2000-2005 three out of seven landmark discoveries in India were made by Cairn.
Initial Public Offering (IPO) on the India business.
Cairn India listed on the India stock market, National and Bombay Stock Exchanges.
First oil produced from Mangala field.
Mangala Processing Terminal (MPT) was built and completed in 18 months.
From discovery of Mangala field in 2004 to production of first oil in 2009, Cairn successfully took the project from discovery to development in just five years.
Rajasthan development was one of the largest oil and gas projects in India in the heart of the Thar desert in the Barmer district in north west India. To carry Rajasthan crude to market Cairn invested US$1billion to build the world’s longest heated pipelines.
Mangala production reaches approved plateau production of 125.000 barrels of oil per day.
Gas discovery on the Mannar Basin offshore Sri Lanka.
40% shareholding in Cairn India sold to Vedanta Resources Plc.