Cairn may produce 71% from Rajasthan oil fields
Cairn may produce 71% from Rajasthan oil fields
Rakteem Katakey / New Delhi August 27, 2008, 0:33 IST
Cairn India, a subsidiary of the UK-based Cairn Energy, may produce up to 71 per cent more oil from the Rajasthan field, according to a top company executive.
The Rajasthan field is the largest oil find in the country after Oil and Natural Gas Corporation's (ONGC) Bombay High discovery in 1974. ONGC holds 30 per cent in the block.
ON A HIGH
# ONGC holds 30% in the block
# ONGC and Cairn India have written to the government to benchmark the price to a variety of oil produced in Indonesia