Cairn India

Last updated

Cairn Oil & Gas
Company type Private
Industry Oil and gas
Founded2006 [1]
Fate Merged with Vedanta Limited
HeadquartersASF Center Tower A, 62-363, Jwala Mill Road, PHASE IV, Udyog Vihar, Sector 18, Gurugram, Haryana, 122016, India
Area served
India, Sri Lanka & South Africa
Key people
Prachur Sah
(Deputy CEO)
Navin Agarwal
(Chairman)
ProductsOil and Gas
RevenueDecrease2.svg₹10,633.99 crore (US$1.3 billion) [2]  (2016)
Decrease2.svg₹−9,434.63 crore (US$−1.2 billion) [2]  (2016)
Decrease2.svg₹−9,431.88 crore (US$−1.2 billion) [2]  (2016)
Total assets Decrease2.svg₹56,495.57 crore (US$7.1 billion) [3]  (2016)
Total equity Decrease2.svg₹48,792.54 crore (US$6.1 billion) [3]  (2016)
Number of employees
1001–5000
Subsidiaries
List
  • 1. Cairn India Holdings Limited 2. Cairn Energy Holdings Limited 3. Cairn Energy Hydrocarbons Limited 4. Cairn Exploration (No.7) Limited 5. Cairn Exploration (No.6) Limited 6. Cairn Exploration (No.4) Limited 7. Cairn Exploration (No.2) Limited 8. Cairn Energy Gujarat Block 1 Limited 9. Cairn Energy Discovery Limited 10. Cairn Petroleum India Limited 11. Cairn Energy Cambay B.V. 12. Cairn Energy India West B.V. 13. Cairn Energy Gujarat B.V. 14. Cairn Energy India Holdings B.V. 15. Cairn Energy Group Holdings B.V. 16. Cairn Energy Netherlands Holdings B.V. 17. Cairn Energy Gujarat Holding B.V. 18. Cairn Energy India West Holding B.V. 19. Cairn Energy Cambay Holding B.V. 20. Cairn Energy Australia Pty Limited 21. CEH Australia Limited 22. Cairn Energy Asia Pty Limited 23. Cairn Energy Investments Australia Pty Limited 24. Wessington Investments Pty Limited 25. Sydney Oil Company Pty Limited 26. Cairn Energy India Pty Limited 27. CEH Australia Pty Limited 28. CIG Mauritius Private Limited 29. CIG Mauritius Holdings Private Limited 30. Cairn Lanka (Pvt) Limited
Website www.cairnindia.com

Cairn India was an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. [4] The company was merged with Vedanta Limited. [5]

Contents

History

In early 1999, Cairn made the first Rajasthan discovery – Guda field, followed by Saraswati in 2001. Mangala was their biggest discovery in 2003, [6] followed by Raageshwari, Bhagyam, Aishwariya, Kaameshwari and GR-F fields in Rajasthan. In 2003, Cairn acquired 100% of the exploration interest and took over as the operator of the block.

Ravva block in eastern coast of India was the first offshore oil and gas field to be developed, followed by the Lakshmi gas field in western India, which was discovered in 2000 and commenced production in 2002. In January 2004, Cairn India added the Mangala oil field in Rajasthan to its assets and this, along with, the other discoveries in Rajasthan.

In 2007, Cairn India was listed on the National Stock Exchanges and as on date has a market capitalisation of ~$14 billion and amongst the top 25 Indian company in the NIFTY 50 index. Top 250 Global Energy Company Rankings by Platts, ranked Cairn India for being the World's fastest-growing energy company in 2011. [7] Now the Company plans to invest $3 billion in the next three years in finding more oil and raising output from Rajasthan oilfields. [8]

The company was delisted from the NSE and the BSE on 25 April 2017 following its merger with its parent company Vedanta Limited. [5] [9]

Two of blocks are located onshore in the Barmer and Krishna-Godavari Basins, and the remaining seven blocks are all located offshore in the Krishna-Godavari Basin, the Palar-Pennar Basin, the Cambay Basin, and the Mumbai Offshore Basin in India, and the frontier Mannar Basin in Sri Lanka and the Orange Basin in South Africa.

Cairn – Vedanta deal

Vedanta Resources initially reached an agreement to acquire 58.8% of Cairn India from Cairn Energy for a total consideration of $8.67 billion in August 2010, with final shareholder approval in December.

Vedanta ownership

While waiting on government approval on its agreement with Cairn Energy, Vedanta acquired an additional 18.5% on the open market including a 10.4% stake from Petronas for $1.5 billion.

Operations

Andhra Pradesh

The Ravva oil and gas field in the Krishna- Godavari Basin was developed in partnership with Cairn India, ONGC, Videocon and Ravva Oil, under a production sharing contract (PSC) that runs until 2019. Currently, eight unmanned offshore platforms are being operated. A 225-acre onshore processing facility at Surasaniyanam processes natural gas and crude oil from the Ravva field. The Ravva onshore terminal operates to the internationally environmental standard – ISO 14001 – and has the capacity to handle 70,000 barrels (11,000 cubic metres ) of oil per day, 95 million  cu ft (2.7 million  m3 ) per day at standard conditions of natural gas and 110,000 bbl (17,000 m3) per day of injection water. The terminal also has the capacity to store 1 million bbl (160 thousand m3) of crude oil onshore.

The Ravva field has produced more than 253 million bbl (40.2 million m3) of crude and sold 317 billion cu ft (9.0 billion m3) of gas; about thrice the initial estimates. During the financial year, the plant uptime was 99.7% demonstrating superb operational efficiency. The asset recorded 1.61 million LTI free hours during the year. The offshore production platform at Ravva received the Oil Industry Safety Award for the year 2010–11.

Gujarat

In 2002, gas production commenced from the Lakshmi gas field, which is situated in Block CB/OS-2 in the Cambay Basin of the west coast of India in the Gulf of Khambhat. The Gauri offshore gas field was discovered in 2001 and came on-stream in 2004. CB-X, a marginal gas field in the transition zone of the CB/OS-2 block was in production between June 2007 and August 2009. The Lakshmi and Gauri fields commenced production of oil in addition to its gas production in 2005. The CB/OS-2 Block has completed 10 years of production and crossed a cumulative production of over 50 million barrels (7.9 million cubic metres ) of oil equivalent hydrocarbons. Safety and operational integrity have been a strong area of focus for the CB/OS-2 asset operations team. The asset team recorded 0.93 million Lost Time Incident (LTI) free hours and delivered facilities uptime of 99.9% during the financial year 2012–13. The block has recorded more than nine million safe work hours over the last seven years.

Rajasthan

The Mangala [10] field in Rajasthan, [11] which was discovered in January 2004, is the largest onshore oil discovery in India in more than 20 years. The Mangala, Bhagyam and Aishwariya (MBA) fields have gross recoverable oil reserves and resources of over one bn boe. This includes proven plus probable (2P) gross reserves and resources of 636 mm boe with a further 308 mm boe or more of EOR resource potential.

The Mangala, Bhagyam and Aishwariya (MBA) fields have gross recoverable oil reserves and resources of approximately one billion barrels. Production from the Rajasthan Block currently contributes more than 23% of India's domestic production. Cairn India plans to drill in excess of 450 wells in the Rajasthan block over a three-year period; includes 100 Exploration and Appraisal (E&A) wells and the balance as development wells to sustain and enhance production volumes. Cairn India made its 26th discovery in the RJ-ON-90/1 block in Rajasthan. Oil Discovery in Rajasthan Cairn India's renewed exploration efforts resulted in an oil discovery, the 26th discovery so far in the RJ-ON-90/1 block, following recent policy clarity by Government of India (GoI) to conduct exploration activity in development blocks. The Management Committee approved the exploration work programme for the RJON-90/1 block on 14 February 2013, post which Cairn India, the Operator of the block, commenced the drilling of its first Exploration well, Raageshwari-South-1, on 25 February 2013 located in the southern part of the block.

Mangala : At Mangala, a total of 148 development wells have been drilled and completed with 96 producers and 33 injectors operationalised. The company has successfully drilled and completed 11 horizontal wells at MangalaMangala field is producing at plateau rates; infill wells are planned this year for sustaining and extending plateau andgoing forward, the Company intends to bring other wells on stream in a staged manner. Bhagyam: Bhagyam is the second largest field in the Rajasthan block, with an approved production plateau of 40,000 barrels (6,400 m3) of oil per day. A total of 62 development wells have been drilled till date with 21 producers and four injectors operational; 12 producer wells are yet to be drilled. Bhagyam field is expected to ramp up to approved rate in H2 FY2013-14; and additional wells are planned this year. Both Mangala and Bhagyam are connected to the Mangala Processing Terminal (MPT), which processes the crude oil from the Rajasthan fields.

Aishwariya: The Aishwariya field is the third largest discovery in the Rajasthan block. Following an assessment of higher production potential and design optimisation due to increased reserves and resources, Cairn India has commenced development work in the field. Now Aishwariya field has commenced oil production and is the fifth oil field in the Rajasthan block to come online. The oil production from Aishwariya field was inaugurated on 23 March 2013, by the Hon’ble Minister of Petroleum and Natural Gas, Dr M VeerappaMoily in Barmer, Rajasthan in the presence of the Hon’ble Chief Minister Shri Ashok Gehlot, the Hon’ble Union Minister of State of Petroleum and Natural Gas Smt. P. Lakshmi. The field will achieve a gradual and safe ramp up to reach the currently approved FDP rate of 10,000 barrels (1,600 m3) of oil per day.

Raageshwari Deep Gas Field: The Raageshwari Deep Gas field is meant to supply gas to meet the energy requirements at the MPT and the Mangala Development Pipeline, which runs approximately 670 km from Barmer to Viramgam to Salaya and then on to Bhogat, near Jamnagar, on the Arabian Sea coast. Saraswati and Raageshwari Fields: The Saraswati Field, which commenced production in May 2011, is currently producing at a rate of 250 barrels (40 m3) of oil per day. Till date, it has produced over 75,000 barrels (11,900 m3) of oil. This oil is processed at the MPT, and blended with the Mangala oil which is sold through the pipeline. The marginal oil field at Raageshwari also commenced production in March 2012. The Raageshwari and Saraswati fields continue to cumulatively contribute over 500 barrels (79 m3) of oil per day towards the total production from the block. Cairn India plans to drill in excess of 450 wells in the Rajasthan block over a three-year period; includes 100 Exploration and Appraisal (E&A) wells and the balance as development wells to sustain and enhance production. Cairn India commenced gas sales from the Raageshwari field on 23 March

Commencement of sale of gas – Rajasthan Block

On 23 March 2013, The Cairn-ONGC Joint Venture (JV) commenced commercial sale of gas from the Rajasthan Block (RJ-ON-90/1). Initial commercial volumes will be about 5 million cubic feet (140 thousand cubic metres ) at standard conditions per day. The gas sales was inaugurated by the Hon’ble Minister of Petroleum and Natural Gas, Dr M VeerappaMoily in Barmer, Rajasthan in the presence of the Hon’ble Chief Minister Shri Ashok Gehlot, the Hon’ble Union Minister of State of Petroleum and Natural Gas Smt. P. Lakshmi. The RJ-ON-90/1 block currently produces about 30 million cu ft (850 thousand m3) of gas per day from the Raageshwari Deep Gas field and as associated gas along with crude oil from the Mangala and Bhagyam fields. The continued exploration program in the block targets several other gas prospects that are expected to add to the production of natural gas from the block over the years. This is expected to pave the way in future for developing the state of Rajasthan as a gas-based economy.

Midstream operations

The Mangala Processing Terminal: The Mangala Processing Terminal (MPT) spread over an area of 1.6 km2 and is located 40 km from the nearest town, Barmer. The MPT processes crude oil extracted from the Rajasthan fields. Following the processing, the crude oil is transported to distant consumer refineries through a 24 inches (61 cm) diameter continuously heated and insulated pipeline. The MPT integrated production facilities support FDP approved production of 175,000 barrels (27,800 m3) of oil per day.

The Mangala Development Pipeline: The Mangala Development Pipeline (MDP) [12] is the world's longest continuously heated and insulated pipeline and will have access to 75% of India's refining capacity. The MDP originates from Mangala Processing Terminal (MPT) in the Mangala Field and passes through two states (Rajasthan and Gujarat), eight districts and travels up to ~670 km before it reaches its end at the coastal location of Bhogat near Jamnagar on the western coast line of India. About 154 km of the pipeline is in Rajasthan and the rest in Gujarat. The MDP is a 24 inches (61 cm) crude oil pipeline which is using Skin Effect Heat Management System (SEHMS) to ensure that the crude oil remains above the Wax Appearance Temperature (WAT) of 65 Deg C, through the pipeline. It has 8 inches (20 cm) gas line which feeds gas to all the ~36 Above Ground Installations located at every ~ 18 km distance along the pipeline which produces the necessary power to keep the pipeline at the required temperature. The gas needed to fire the boilers and, more importantly, to generate the power to heat the waxy crude at an average of 65-degree Celsius along the pipeline, comes from the Raageshwari gas field, located 90 km away from the MPT.

In addition, there is an intermediate terminal at Viramgam for storage and further pumping to the coast, including a pigging facility. There are two other pigging stations at Sanchore and Wankaner to insert 'pigs' (pipeline cleaning devices) that are used to clean and inspect the pipeline. The pipeline crosses all major crude oil carrier pipelines in the Western part of India and thus, offers potential of blending the Rajasthan crude with these large crude carrier lines. As it terminates at coastal location, the marine facilities are designed to load the crude oil carriers to transport the crude oil to other coastal refiners as well.

The pipeline also incorporates the first of its kind Pipeline Intrusion Detection System. This provides security along the entire length, utilising a fibre optic electronic vibration system that generates an alarm. This is linked to a central control unit via a Geographic Information System (GIS)-based mapping system. The entire length of the pipeline is monitored at the MPT, Viramgam and Bhogat terminals for flow, temperature, pressure, and other operational parameters.

Phase 1 of the pipeline construction from MPT to Salaya, in Gujarat, includes spur lines to connect to private refiners and another spur line at Radhanpur to connect with the Indian Oil Corporation Limited's (IOCL's) Mundra to Panipat crude pipeline. Since then, oil was introduced in the pipeline on 13 May 2010 and has begun commercial sales to IOCL and private refiners. The pipeline construction from Barmer to Salaya was completed in a record time of 18 months. Phase II: From Salaya to the Bhogat terminal on the Arabian Sea coast, and a pipeline connecting the terminal to the marine facilities is under construction

International operations: Sri Lanka

The Block SL 2007-01-001 was awarded to Cairn Lanka Private Limited, the wholly owned subsidiary of Cairn India. Cairn Lanka commenced its 3D seismic survey in the Mannar Basin in Sri Lanka on 10 December 2009 and the data is currently being processed. The acquisition programme, which was launched by the Honourable President of Sri Lanka, Mahinda Rajapaksa, fulfilled the commitment of 1450 km2 of 3D seismic data acquisition. The Mannar basin is an under-explored frontier basin, with both structural and stratigraphic plays.

The drillship 'Chikyu' was mobilised and three well exploration drilling campaign in the SL 2007-01-001 block commenced in August 2011. Cairn Lanka's drilling programme [13] is the first successful programme in Sri Lanka in 30 years and has established a working petroleum system in the frontier Mannar Basin. [14] [15]

The drilling of the phase-II exploration well has been completed in February, 2013. The well encountered high quality reservoir sands; however these sands were water bearing. The well was plugged and abandoned and the rig was demobilized. The results of the well are being integrated with reprocessed 3D seismic data to finalize the forward programme which includes the options for appraisal of the existing two discoveries and entering exploration phase-III.

South Africa

Cairn India has acquired an exploration block in South Africa ('Block 1') and has signed a farm-in agreement with PetroSA, the South African National Oil Company, Block 1 covers a large area of 19,922 km2 and is currently in the initial stages of exploration. It has an existing gas discovery and identified oil & gas leads and prospects. Located in the geologically proven Orange Basin along the northwestern maritime border of South Africa with Namibia, the block is on trend with the discovered Kudu and Ibhubesi gas fields. Cairn India will hold a 60% interest in the block and will be the Operator, while PetroSA will hold the remaining interest. Government approval has been received for transfer and assignment of PetroSA's Participating Interest (PI) to Cairn in Block 1. The assignment agreement was executed in February, 2013. The 3D survey acquisition commenced in March, 2013 and is likely to be completed within this quarter. As on date more than 80% of the survey has been completed. kl;

Sponsorships

Cairn India has Co-sponsored the Indian Hockey senior teams for a tenure of three years.[ when? ] This association, for a sum of several crores per annum, will cover the senior and junior national men and women teams. Cairn India announced the three-year association with Hockey India in the presence of Hockey India officials and the captains of the men and women hockey teams. Cairn India also sponsors a Marathon in December month of every year by the name of Cairn PinkCity Half Marathon takes place in Jaipur. [16]

Awards and recognition

Related Research Articles

<span class="mw-page-title-main">Mumbai High Field</span> Oilfield in India

The Mumbai High Field, formerly called the Bombay High Field, is an offshore oilfield 176 km (109 mi) off the west coast of Mumbai, in Gulf of Cambay region of India, in about 75 m (246 ft) of water. The oil operations are run by India's Oil and Natural Gas Corporation (ONGC).

<span class="mw-page-title-main">Singapore Petroleum Company</span> Singaporean oil company

Singapore Petroleum Company Limited, in short SPC, is a Singaporean multinational oil and gas company. It is involved in the exploration and production of petroleum, refining, trading and petroleum product distribution.

<span class="mw-page-title-main">Barmer district</span> District of Rajasthan in India

Barmer District is a district in Rajasthan state of India. It is located in the western part of Rajasthan state forming a part of the Thar Desert. Barmer is the third largest district by area in Rajasthan and fifth largest district in India, occupying an area of 28,387 km2. Being in the western part of the state, it includes a part of the Thar Desert. Jaisalmer is to the north of this district while Jalore is in its south. Pali and Jodhpur form its eastern border and it shares a border with Pakistan in the west. Partially being a desert, this district has a large variation in temperature. The temperature in summer can rise up to 51 °C and falls near to 0 °C in winter. Luni is the longest river in Barmer district. After travelling a length of almost 500 km, it passes through Jalore and merges in the marshy land of Runn of Kutch. District headquarters is in the town of Barmer. The other major towns in the district are: Balotra, Guda Malani, Baytoo, Siwana, and Chohatan. Recently, a large onshore oil field has been discovered and made functional in Barmer district. Barmer is also famous for pomegranate.

Oil India Limited (OIL) is a central public sector undertaking engaged in the business of exploration, development and production of crude oil and natural gas, transportation of crude oil and production of liquid petroleum gas. The central public sector undertaking is a Maharatna, with the Ministry of Petroleum and Natural Gas overseeing its operations. Headquartered in Duliajan, Assam, the company has its offices in Duliajan, Noida, Guwahati and Jodhpur.

<span class="mw-page-title-main">Petroleum industry in Canada</span>

Petroleum production in Canada is a major industry which is important to the overall economy of North America. Canada has the third largest oil reserves in the world and is the world's fourth largest oil producer and fourth largest oil exporter. In 2019 it produced an average of 750,000 cubic metres per day (4.7 Mbbl/d) of crude oil and equivalent. Of that amount, 64% was upgraded from unconventional oil sands, and the remainder light crude oil, heavy crude oil and natural-gas condensate. Most of the Canadian petroleum production is exported, approximately 600,000 cubic metres per day (3.8 Mbbl/d) in 2019, with 98% of the exports going to the United States. Canada is by far the largest single source of oil imports to the United States, providing 43% of US crude oil imports in 2015.

<span class="mw-page-title-main">Jamnagar Refinery</span> Private sector refinery in Western India, the largest by processing capacity in the world.

The Jamnagar Refinery is a private sector crude oil refinery owned by Reliance Industries in Motikhavdi,Jamnagar, Gujarat, India. The refinery was commissioned on 14 July 1999 with an installed capacity of 668,000 barrels per day (106,200 m3/d). Its current installed capacity is 1,240,000 barrels per day (197,000 m3/d). It is currently the largest refinery in the world.

<span class="mw-page-title-main">East Texas Oil Field</span> Oil and gas field in east Texas

The East Texas Oil Field is a large oil and gas field in east Texas. Covering 140,000 acres (57,000 ha) and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930. Over 5.42 billion barrels (862,000,000 m3) of oil have been produced from it to-date. It is a component of the Mid-continent oil province, the huge region of petroleum deposits extending from Kansas to New Mexico to the Gulf of Mexico.

Azeri–Chirag–Gunashli or Azeri–Chirag–Deepwater Gunashli is a complex of oil fields in the Caspian Sea, about 120 kilometres (75 mi) off the coast of Azerbaijan. It consists of the Azeri and Chirag oil fields, and the deepwater portion of the Gunashli oil field. An overall estimate of the area of the development is 432.4 square kilometres (167.0 sq mi). It is developed by the Azerbaijan International Operating Company, a consortium of international oil companies, and operated by BP on behalf of the consortium. The ACG fields have estimated recoverable reserves of about 5 to 6 billion barrels of petroleum. Peak oil production of 835,000 barrels per day (132,800 m3/d) was reached in 2010, however by the first quarter of 2022 production had declined to 434,000 barrels per day (69,000 m3/d), or about one-half of peak value. As of 2021, ACG oil accounted for 95% of all Azerbaijani oil exports.

The Mangala Area, located in Block RJ-ON-90-1, is a major oil field located in the Indian State of Rajasthan. The Mangala area consists of over 16 separate oil and gas fields of which the majority of the reserves are located in the three fields of Mangala, Bhagyam and Aishwariya. The Mangala Area sits in Barmer Basin and is thought to contain oil in place volumes of 3.6 billion barrels (570,000,000 m3), of which 1 billion barrels (160,000,000 m3) are thought to be recoverable. Cairn India is the operator of the field, a subsidiary of Vedanta Group.

<span class="mw-page-title-main">Bakken formation</span> Geological rock formation known for crude oil and gas production

The Bakken Formation is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles (520,000 km2) of the subsurface of the Williston Basin, underlying parts of Montana, North Dakota, Saskatchewan and Manitoba. The formation was initially described by geologist J. W. Nordquist in 1953. The formation is entirely in the subsurface, and has no surface outcrop. It is named after Henry O. Bakken (1901–1982), a farmer in Tioga, North Dakota, who owned the land where the formation was initially discovered while drilling for oil.

B3 is a major oil and gas field in the Baltic sea. The field is located 80 km north of the Polish coastal town Rozewie. The crude oil is also referred to as Rozewie crude. Processing, drilling and accommodation is based on the jack up rig Baltic Beta located in the field. Most of the oil is shipped by tanker to the Gdańsk refinery as a part of the refinery feedstock. The associated gas is transmitted by pipeline to the combined heat and power (CHP) plant in Wladyslawowo.

<span class="mw-page-title-main">Oil reserves in Ghana</span> Oil reserves located in Ghana

The petroleum industry of Ghana is regulated by the state-owned Ghana National Petroleum Corporation (GNPC) and administered by the state-owned Ghana Oil Company (GOIL).

West Australian Petroleum Pty Ltd (WAPET) was a pioneer oil and gas exploration and processing company in Western Australia.

<span class="mw-page-title-main">Petroleum industry in Western Australia</span> Overview of WA energy sector

The petroleum industry in Western Australia is the largest contributor to the country's petroleum exports. Western Australia's North West Shelf (NWS) is the primary location from which production originates. Oil exports are shipped from Port Hedland.

Perenco is an independent Anglo-French oil and gas company with a headquarters in London and Paris. It conducts exploration and production activities in 16 countries around the globe.

<span class="mw-page-title-main">Krishna Godavari Basin</span> Oilfield in India

Krishna Godavari Basin is a peri-cratonic passive margin basin in India. It is spread across more than 50,000 square kilometres in the Krishna River and Godavari River basins in Andhra Pradesh. The site is known for the D-6 block where Reliance Industries discovered the biggest natural gas reserves in India in 2003.

The oil industry in Poland began at Bóbrka Field in 1853, followed by the first refinery in 1854. Poland was the third most productive region in the world in 1900. It now has only a small, mostly state-owned component, with production from its Permian Basin in the west, small and very old fields in the Carpathians in the south, and offshore in the Baltic Sea. For natural gas the country is almost completely dependent on legacy pipelines from the former Soviet Union.

The petroleum industry in Syria forms a major part of the economy of Syria. According to the International Monetary Fund, before the Syrian Civil War, oil sales for 2010 were projected to generate $3.2 billion for the Syrian government and accounted for 25.1% of the state's revenue.

The Ravva oil field in the Krishna Godavari Basin is located in coastal Andhra Pradesh.

The petroleum industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra. As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM).

References

  1. ↑ "Cairn | Our story".
  2. 1 2 3 "Cairn India Consolidated Profit & Loss account, Cairn India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 2 August 2020.
  3. 1 2 "Cairn India Consolidated Balance Sheet, Cairn India Financial Statement & Accounts". www.moneycontrol.com. Retrieved 2 August 2020.
  4. ↑ Cairn sells its first crude from Rajasthan to MRPL
  5. 1 2 "Cairn India completes merger with Vedanta to form $15.6 bn market cap entity". www.businesstoday.in. 12 April 2017. Retrieved 2 August 2020.
  6. ↑ Mangala oil field marks ‘beginning of a new era’: Manmohan Singh
  7. ↑ Cairn India world’s fastest-growing energy co: Platts
  8. ↑ "Cairn India Ltd. market Analysis – Religare Online" (PDF). Religare Securities. 16 July 2014. Retrieved 23 September 2014.{{cite journal}}: Cite journal requires |journal= (help)
  9. ↑ "From tomorrow, you won't be able to trade in Cairn India again; here's why". The Economic Times. Retrieved 2 August 2020.
  10. ↑ Mangala crude output can be ramped up to 150,000 bpd: Cairn
  11. ↑ Cairn's Rajasthan Field May Yield $3 Billion a Year
  12. ↑ starts crude oil supplies through pipeline
  13. ↑ Does Sri Lanka have petroleum? Cairn to answer in first quarter 2012
  14. ↑ First gas deposits found off Sri Lanka coast
  15. ↑ Cairn to start Sri Lanka oil exploration 2nd phase
  16. ↑ https://cairnpchm.com/
  17. ↑ "Platts Top 250 Fastest Growing Companies | S&P Global Platts".
  18. ↑ http://www.ficci.com/PressRelease/997/ficci-press-sep14-safety.pdf [ dead link ]
  19. ↑ "Cairn India wins PetroFed award for O&G Pipeline Transportation Company of the Year". Archived from the original on 4 March 2016. Retrieved 20 June 2012.
  20. ↑ Cairn India wins Blue Dart Global CSR Award 2012
  21. ↑ Cairn India conferred the Platinum Award of LACP
  22. ↑ Cairn India accorded 'Superbrand' status
  23. ↑ "Contact Us". www.cairnindia.com. Retrieved 17 August 2021.