While announcing its results, Cairn India had said, a ?high-value, high-risk? prospect had been identified in the Ravva field
Cairn India, along with its partners Ravva Oil, Oil and Natural Gas Corporation (ONGC) and Videocon Industries, plans to invest about Rs 530 crore in new wells, which would help boost production from its Ravva field. As of September, the Ravva field produced 23,000 barrels of oil per day, along with 1.5 million cubic metres of gas per day, a sharp decline from the peak production of 50,000 barrels of oil a day and two million cubic metres of gas a day in 2004-05.
Technology Partners: MimirTech
Links:
[1] http://admin.indiaenvironmentportal.org.in/news/cairn-partners-invest-rs-530-cr-ravva-field
[2] http://admin.indiaenvironmentportal.org.in/category/author/kalpana-pathak
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/business-standard-new-delhi
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-and-natural-gas-corporation-ongc
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/natural-gas-exploration
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil-exploration
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/petrochemical-industry
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/energy
