Home / Business and Economy / Rajasthan Oilfield Hits 17 Years, Fuels India's Energy
Rajasthan Oilfield Hits 17 Years, Fuels India's Energy
29 Aug
Summary
- Mangala field in Rajasthan marks 17 years of sustained oil production.
- Vedanta plans $200 million investment to enhance oil recovery by FY27.
- The Rajasthan asset holds potential for 100-200 MMboe of tight oil.
The Mangala field in Barmer, Rajasthan, has completed 17 years since its First Oil, cementing its status as a vital component of India's energy landscape. As India's largest onshore oil discovery, it continues to bolster domestic crude oil output and diminish reliance on imports.
Vedanta Oil and Gas Limited (VOGL) is set to invest $200 million by FY27 into its Rajasthan North operations. This investment will focus on accelerating enhanced recovery, optimizing production, and converting resources into reserves.
The Rajasthan fields, including Mangala, Bhagyam, and Aishwariya (MBA), are estimated to possess reserves of 570 MMboe. VOGL aims to increase recovery rates from 30% to 60% through advanced technologies and interventions.
Beyond its economic impact, Cairn's operations in Barmer have spurred social and economic development, restoring ecosystems, creating jobs, and improving livelihoods. Community programs have positively impacted over 200 million lives.
Vedanta Oil and Gas, operating under the 'Cairn' brand, holds interests in 44 blocks across India. The company is committed to responsible energy development and enhancing India's energy security.
