producer after state-owned Oil and Natural Gas Corp. A part of Vedanta Limited, its key producing assets are Rajasthan in the west, Cambay off the west coast and Ravva off the east coast.
Its flagship asset is the Rajasthan block, where it has made close to 40 discoveries. Mangala, Bhagyam and Aishwariya fields, the three major discoveries in the Rajasthan block, cumulatively have hydrocarbon reserves of approximately 2.2 billion boe, according to the company.
Cairn Oil & Gas is currently producing about 170,000-175,000 boe/d of oil and gas, recovering from a level of 160,000-165,000 boe/d during the peak lockdown period of last year. About 30,000 boe/d of those numbers were coming from gas. Sah added that Cairn would be very soon producing 185,000-190,000 boe/d.
"But our key aim is to take those numbers to anywhere between 300,000 boe/d to 400,000 boe/d over the next few years. We can do it with the right investments and technologies, and with a little bit of support from the government," Sah said.
Cairn said this week it had commenced production from its tight oil project at Aishwariya Barmer Hills in Rajasthan. The start of production at its NA #01 facility is a first in Cairn's tight oil portfolio, and has the growth potential to contribute 20% of the company's production vision,