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.
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1996Cairn acquires Command Petroleum, an Australian company, and an interest in Ravva in the Krishna Godvari basin offshore east India. Cairn becomes operator.
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1997
Transaction with Shell gives Cairn a 10% interest in the Rajasthan block.
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1998Cairn signs a Production Sharing Contract in the Cambay Basin offshore west India. Cairn becomes operator.
Ravva oil field reserves doubled.
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1999
Ravva production increased from 3,700 barrels of oil per day to 50,000.
First Rajasthan discovery (Guda field).
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2000First discovery in Cambay Basin, Lakshmi field.
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2001
Second discovery in Cambay Basin, Guari field.
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2002First gas produced from Lakshmi field. Discovery to delivery in 28 months.
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2003
Cairn acquires 100% interest in the Rajasthan block from Shell.
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2004Major 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.
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2005
First oil from Cambay Basin, Gauri field.
2000-2005 three out of seven landmark discoveries in India were made by Cairn.
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2006Initial Public Offering (IPO) on the India business.
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2007
Cairn India listed on the India stock market, National and Bombay Stock Exchanges.
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2009First 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.
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2010
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.
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2011Gas discovery on the Mannar Basin offshore Sri Lanka.
40% shareholding in Cairn India sold to Vedanta Resources Plc.