Cairn India, which contributes about 27% of India's domestic production, has so far invested around $33 billion in the country
Cairn India Oil & Gas, a vertical of Vedanta Resources Ltd, India's largest private upstream oil & gas (O&G) operator, is seeking to ramp up its production at Mangala, Bhagyam and Aishwariya (MBA) block in Rajasthan after a successful pilot project increased the output manifold.
Ravva in Andhra Pradesh is the other block the company is planning to monetise at the earliest by fast tracking the project. Cairn has issued global tenders for integrated developments on these blocks.
Cairn India, which contributes about 27% of India's domestic production, has so far invested around $33 billion in the country. The company has reportedly chalked out plans to pump another $2-2.5 billion in oil and gas over next three years, in order to raise its market share to 50%. Also, the company has submitted expressions of interest (EoI) for 15 fields (a combination of onshore and offshore fields) being put up for exploration under the Open Access Licensing Policy (OALP). The ministry of Petroleum and Gas had in July opened 2.8 million square km of sedimentary basins for O&G exploration in a bid to raise domestic production and cut excessive dependence on imports. The new policy allows companies to select blocks/areas after studying seismic data to explore and produce oil and gas.
As per the company documents, MBA fields are conventional reservoirs and form the backbone of the Rajasthan block with 2.1 billion barrels of oil in place. The fields were discovered in 2004 and brought into production in a staggered manner starting 2009. Major infrastructure is already in place in the area with a central oil processing facility (Mangala Processing Terminal – MPT) offering 550 wells (combination of producers and injectors across the MBA fields), well pads, intra-field pipelines, power & injection systems and crude evacuation facilities.
In 2014, polymer flood was implemented in the Mangala field, the largest such implementation in the world. Based on the success of the polymer flood in Mangala, polymer flood is also under implementation in Bhagyam and Aishwariya fields. To further increase recovery from MBA, a successful pilot project was also implemented in the Mangala field. As per the reports, the oil production rate rose eightfold on account of the pilot. "Based on the results of the pilot and various studies, full field ASP implementation is now being planned across the three fields." reads the tender document accessed by DNA Money.
On the other hand, Ravva field consists of eight un-manned well head platforms as fluid produced from these wells is sent to the onshore processing terminal via sub-sea pipelines. A 225 acre onshore processing terminal at Surasaniyanam processes the natural gas and crude oil produced from the Ravva offshore field. "Vedanta also intends to carry out Exploration and Appraisal activities in the Ravva block to contribute towards significant reserves accretion." the document reads.
PUMPING MORE
- In 2014, polymer flood was implemented in the Mangala field, the largest such implementation in the world
- Based on the success of the polymer flood in Mangala, polymer flood is also under implementation in Bhagyam and Aishwariya fields
- To further increase recovery from MBA, a successful pilot project was also implemented in the Mangala field
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