• Polymer Enhanced Oil Recovery (EOR) project has resulted in ~25% increase in production from Aishwariya Fatehgarh
• Cairn recently started production from its new processing facility, NA-01, in Aishwariya Barmer Hills

15 June 2021: Cairn Oil & Gas, Vedanta Limited, India’s largest private oil and gas exploration and production company, has completed eight years of prolific production from its Aishwarya oil field situated in Barmer, Rajasthan. Aishwariya is the sister field to Cairn’s largest discovery in the region, Mangala, and has contributed significantly to Cairn’s production with an estimated 54 million barrels of crude oil produced till date

The prolific nature of Aishwariya had become apparent when the field reached the production milestone of 10 million barrels of crude oil within a year and a half of start of production. Coupled with the hard work and dedication of the Cairn Oil & Gas team, the asset has contributed to domestic production of crude in the country.

Speaking on the occasion, Prachur Sah, Deputy CEO, Cairn Oil & Gas, said, “This milestone is a result of our efforts that have accelerated growth plans, enabling safer oil production to put India on the path to energy security. The economic and social impact of oil production from Rajasthan has been immense and Aishwariya has been an integral part of this growth journey. I’m confident that we will continue to deliver ‘Only Safe Production’ with focused efforts and commitment as we march ahead in our organizational vision to achieve 50% of India’s crude production.”

Gautam Reddy, Managing Director, India and Bangladesh, Schlumberger, said, “Schlumberger thanks Vedanta for the opportunity to work together as growth partners to achieve Vedanta’s vision to produce 50% of India’s oil and gas. The NA-01 Surface Facility project has been a challenging, yet fulfilling journey. Amongst the many achievements on this project, the one I am most proud of, is the safety record of zero LTIs over 3+ million man hours, including during the testing COVID times. This wouldn’t have been possible without the safety culture, strong focus and collaboration that exists between the Vedanta & Schlumberger teams.”

Recently, execution of various new growth projects has started in Aishwariya field. The Polymer Enhanced Oil Recovery (EOR) project has resulted in ~25% increase in production. Also, a new processing facility, NA-01 is commissioned as a part of Aishwariya Barmer Hill Development, which is currently handling total liquid of ~35,000 barrels of liquid per day (blpd) with ~10,000 barrels of oil per day (bopd) and has a capacity of handling total liquid of ~100,000 blpd with minor upgrades. This has paved the way for future development plans for Aishwariya and Aishwariya Barmer Hill.

The asset milestone marks the culmination of collective and unwavering efforts of the entire team of Cairn despite numerous challenges and constraints including the unprecedent COVID-19 pandemic. Cairn’s operations at the Rajasthan block holds significant national importance. The block has contributed a cumulative $18.0 billion to the nation and state exchequers. The application of world-class technology and digitalization has helped maintain business continuity and safe operations, even during the COVID-19 pandemic.

About Cairn Oil & Gas, Vedanta Ltd.

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

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa, Namibia, and Australia. 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 environment. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Under the aegis of Vedanta Cares, the flagship social impact program, Nand Ghars have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. The company has been featured in Dow Jones Sustainability Index, and was conferred CII-ITC Sustainability Award, the FICCI CSR Award, Dun & Bradstreet Awards in Metals & Mining, and certified as a Great Place to Work. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange. For more information please visit www.vedantalimited.com and www.cairnindia.com