New Delhi, 03 March 2022: Cairn Oil & Gas, India’s largest private oil and gas exploration and production company, has completed 10 years of prolific operations from its Bhagyam field situated in the Barmer district of western Rajasthan. Discovered in 2004 and put into production in 2012, Bhagyam is part of the MBA (Mangala Bhagyam Aishwarya) trinity and is the company’s second-largest oilfield after Mangala. The combined Rajasthan block today contributes over a quarter to India’s domestic production. Cairn has also recently joined hands with international technology provider Baker Hughes to enhance recovery from Bhagyam field and increase its recoverable reserve to 250 million barrels of oil equivalent (mboe).

Speaking on the occasion, Prachur Sah, Deputy CEO, Cairn Oil & Gas, said, “Currently 90% of the country’s domestic production is coming from old and ageing oil fields. For this, there is a need to lay greater emphasis on increasing recovery and production from existing fields by encouraging investment in the most advanced technologies. Bhagyam field has surpassed expectations and produced more than 62 million barrels of oil, to date. It has been consistently contributing to India’s domestic energy basket – and will continue to add as Cairn moves towards achieving its endeavour of contributing 50% towards the country’s own crude production.”

Bhagyam field has been a hub of innovation which has enabled it to produce over 62 mboe, to date. Now, the recent technology partnership with Baker Hughes is promising to take the field towards 250 mboe production. Additionally, Bhagyam is also home to several growth projects including the Bhagyam Enhanced Oil Recovery (EOR) project and BPWRI capacity augmentation 20KBLPD to 40KBLPD. The field also achieved key projects like polymer injection 85KBPD and 8MW EDG set-up for the monsoons. Further, the common vision of innovation through ‘Only Safe Production’ at Bhagyam has been recognised by the British Safety Council Certification Awards in 2021.

Cairn Oil & Gas will continue to work towards fulfilling the vision of contributing 50% towards India’s crude oil production through current projects at Bhagyam’s 14 infill wells, NI-NE development and 7MW GEG set-up at well pads. Being the second-largest largest oil discovery in Cairn’s Rajasthan block, Bhagyam remains a benchmark for ageing fields that can bring gains with consistent investment and technology deployment. The field furthers the company’s commitment to exploring, discovering, and producing more oil to support India’s growth.

About Cairn Oil & Gas

Cairn Oil & Gas, Vedanta Ltd., is the largest private oil and gas exploration and production company in India, accounting for more than a quarter of India’s domestic crude oil production. It has a world-class resource base, with a current interest in 58 blocks in India, including the 41 blocks under the Open Acreage Licensing Policy (OALP) Round I auction, five blocks each under Round II and Round III, and two awarded under the Discovered Small Fields (DSF) Round-II. In 2004, Cairn made the largest onshore discovery in more than two decades in India at Mangala, Rajasthan. In its operations of 20 years, Cairn has opened four frontier basins with numerous discoveries, 38 in Rajasthan alone. Cairn Oil & Gas has recently reiterated that it is a separate entity with no connection to Cairn Energy PLC, the Scottish oil and gas exploration company. The brand name ‘Cairn’ is now exclusively owned by Vedanta Limited, and all others will discontinue the use of the brand name ‘Cairn’.

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals companies with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation-building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and the environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net-zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, has been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies company have been featured in Dow Jones Sustainability Index 2020, and was conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020, ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020, ‘Company with Great Managers 2020’ by People Business and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as the best CSR project by the Government of Rajasthan. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

For more information, please visit cairnindia.com

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