Barmer, 10th January 2025: Hon’ble Chief Minister of Rajasthan, Shri Bhajan Lal Sharma visited the crude oil production site operated by Cairn, Vedanta at Barmer today. During his visit to Mangala Processing Terminal – the nerve centre of India’s Largest onshore Oil Production Field, he also laid the foundation stone for a new Wellpad in Mangala Infill to enhance oil recovery from the basin.

In line with Hon’ble Prime Minister’s vision to achieve energy security for India, the Hon’ble Chief Minister emphasised on the importance of increasing oil & gas production from the Barmer basin. He shared, “The oil & gas fields in Barmer are playing a crucial role in strengthening India’s domestic production as well as the socioeconomic development of the region. Rajasthan, with its abundant mineral resources, oil and gas reserves, stands as a key strategic hub for the nation’s energy independence.”

Cairn Oil & Gas began its journey in Rajasthan with the discovery of Mangala, the largest onshore discovery of its time, in 2004. Production commenced in August 2009 just about 5 years after the discovery. Cairn is continuing its investments by embarking on new exploration programs including unconventional projects such as Tight Oil, Shale etc. to enhance production. It has recently initiated one of the world’s largest ASP injection in the Mangala field. The company is fostering entrepreneurship in the region by partnering with local entrepreneurs in Small Field Development, Drilling Rigs, Well Services and Facility Construction enabling growth and development in Barmer.

Recently, Vedanta Chairman Shri Anil Agarwal announced Cairn’s plans to invest INR 35,000 crore over the next three years to double production from Rajasthan. The goal is to drill over 200 wells for exploration, appraisal and development over the next three years. The company will focus on enhanced oil recovery (EOR) techniques and ASP injection in Bhagyam and Aishwariya, while focusing on new exploration.

Rajasthan is one of the largest onshore crude oil producing state in India, contributing approximately 18% of the country’s domestic production (2022-23). With investments to the tune of INR 90,000 crore in the Barmer basin so far, Cairn has made significant contribution to the region and the state of Rajasthan while driving socio-economic development.

Cairn’s operations have positively impacted ~25 millon lives in FY2024 through large scale social impact programs across health, education, livelihood, women empowerment among others. The company is currently operating 124 Nand Ghars in Barmer region touching 3,000+ children annually. Committed to sustainable development, the company aims to plant 2 million trees and achieve Net Zero by 2030.

About Cairn Oil & Gas
Cairn Oil & Gas, part of Vedanta Limited, is India’s largest private oil and gas exploration and production company, contributing about a quarter of India’s domestic crude production and driving energy security for the country. With a world-class resource base, Cairn has an interest in 62 blocks in India spread over 60,000 square kilometres with gross 2P (Gross Proved Plus Probable Reserves) and 2C (Gross Contingent Reserves) of 1.4 bn boe. Cairn has producing assets across Rajasthan, Andhra Pradesh, Gujarat, and Assam, and has spearheaded several technological innovations with high-reward prospects, over the last 30 years of its operations. The company has a vision to contribute 50% of domestic production, executing one of the largest exploration projects in India across its diversified portfolio comprising conventional and unconventional projects such as Tight Oil & Gas, Deep & Shallow Water, ASP and CBM, reinstating the faith in the country’s hydrocarbon potential.

Cairn is committed to achieving Net Zero by 2030 by prioritising environmental resilience and is driving transformative social impact at scale. It has become the first Indian company to sign the United Nations Environment Programme’s methane reporting and reduction initiative – OGMP 2.0.

About Vedanta Limited
Vedanta Limited (“Vedanta”), a subsidiary of Vedanta Resources Limited, is one of the world’s leading natural resources companies spanning across India, South Africa, Namibia, Liberia, UAE, Saudi Arabia, Korea, Taiwan and Japan with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power & Glass Substrate and foraying into electronics and display glass manufacturing. 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. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector, is committed to reducing carbon emissions to net zero by 2050 or sooner and aims to spend $5 billion over the next 10 years to accelerate this transition. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, has pledged Rs 5000 crore over the next five years on various social impact programs and its flagship project, Nand Ghar is setting up model anganwadis across India. Vedanta Ltd. ranked 3rd in the S&P Global Corporate Sustainability Assessment 2023, and has been listed in the Dow Jones Sustainability World Index. The company has also been certified as a Great Place to Work 2023. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

For more information, please visit www.cairnindia.com / www.vedantalimited.com