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Cairn India output to increase by 30% from Rajasthan

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BS Reporter Mumbai

Cairn India's Rajasthan fields might pump over 30  per cent more oil this year, according to the company statement .

The statement said that estimates of oil production from Mangala, Rajasthan, is expected to increase 30 per cent over the previous estimated. The estimated crude oil production will be 478 mmbbls.

The revised field development (fdp) plan from Mangala envisages a 25 per cent increase in peak production at 125,000 barrels per day (bpd), according to a the statement issued to the company to Bombay Stock Exchange.

According to estimates, Cairn India will contribute over one-fifth of the country's current domestic oil output, when it commences production in the second half of 2009.

 

The company is also undertaking construction of export crude oil insulated pipeline, gas pipeline and associated facilities from Barmer, Rajasthan to the Gujarat coast for transporting the crude to refineries.

 

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First Published: Aug 26 2008 | 4:12 PM IST

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