Abu Dhabi, 17 November 2021.

Cairn Oil & Gas, India’s largest private oil and gas exploration and production company, has enteredinto a partnership with Baker Hughesat the ongoing ADIPEC 2021 – one of the largest conglomerations of the oil and gas sector – currentlybeing held at Abu Dhabi. Under this alliance, Cairn will aim to increase its recoverable reserve to 250mmboe from the present 45 mmboe. This announcement follows the company’s commitment of doubling capacity to produce 50% of India’s domestic crudeand assisting the country in its journey towards energy Aatmanirbharta.

Speaking at the occasion, Prachur Sah, CEO, Cairn Oil & Gas, said: “Increasing recovery and production from existing fields,newhydrocarbon explorationsandopting forunconventional fuelsare our strategic levers as we move towards doubling our production capacities. We have been emphasizing on the need to introduce fresh technology to augment production from old and ageing fields that today comprise ~90% of India’s capacities. Baker Hughes is a global leader of energy technology and with this partnership, we have taken another step towardsincreasing our capacities to 500 kboepd.”

The partnership will unfold across three distinct phases including technical assistance and conceptual design, detailed technical evaluation and pilot execution, and full field development planning and execution.

Cairn has been pioneering technology in its fields across the country.The Mangala field in Rajasthan is home to a full-field Enhanced Oil Recovery (EOR) polymer project that is among the largest of its kind in the world, Also, a large Alkaline Surfactant Polymer (ASP) project is currently under design to be executed in the next few years. The field also marks the starting point of the Mangala pipeline – the world’s longest continuously heated and insulated pipeline that carries crude from the fields of Rajasthan to the refineries of Gujarat. The Ravva field, India’s first offshore asset, is home to India’s first TCP balance under-perforating with multilane compilation technique, which has granted access to multiple reservoirs from the same bore, improving recovery and asset reservoir management.

This new partnership is another step in Cairn’s endeavour to achieve energy autonomy for India.