New
Delhi, 28 August 2022.
Cairn
Oil & Gas, India’s largest private oil and gas exploration and production
company and a unit of Vedanta Group, is today celebrating the 13th
anniversary of successful operations from its Mangala oil field, located in
Barmer, Rajasthan. Discovered in 2004, the field was the largest global
discovery of the year and India’s largest onshore discovery in 25 years. Since
the discovery of first oil on August 29, 2009, the Mangala oil field has produced more than 497mmbblsas of August 2022.
Celebrating the occasion, Prachur
Sah, Deputy CEO, Cairn Oil & Gas, said, “We are happy to announce that
Mangala oil field has completed its 13th year of production. The
field has been instrumental in supporting India’s domestic crude production and
we are confident that the field will remain relevant in the coming years as
India charts its path towards energy aatmanirbharta. The field has been
home to some of the finest global partnerships that have propelled innovation
in technologiesof oil and gas exploration and production. At Cairn, we have
announced our goal to double production capacities and contribute 50% to
India’s domestic crude basket and in this mission, the Mangala field will continue
to play a driving role.”
Today,
Cairn Oil & Gas contributes ~25% to India’s domestic crude oil production –
a majority of the production coming from the company’s Rajasthan block which
consists of Mangala, and its sister fields Bhagyam and Aishwariya. Collectively,
they have contributed $21 billion to the national and state exchequer as on
FY’22. The cumulative production from the block has crossed 660 mmboe.Now,
Cairn Oil & Gas aims to double production capacities and contribute 50% to
domestic crude production. Here too, the Mangala field and Rajasthan block will
play a driving role.
The Mangala field has also witnessed
crucial innovation in Enhanced Oil Recovery (EOR), use of Alkaline Surfactant
Polymer (ASP) technology and being home to the Mangala pipeline – the world’s
longest continuously heated and insulated pipeline that traverses ~705km
carrying crude from the fields of Rajasthan to refineries in Gujarat. The
Mangala pipeline is now switching to solar energy and will be powered by solar
panels installed across the length of the pipeline. The celebrated pipeline has
been a testimony of industry leading practices, and its conversion to solar
power is setting a precedent for the oil and gas sector.
Along
with aiding India’s energy needs, the Rajasthan block has also contributed
significantly to improving socio-economic conditions in its vicinity. Since
Cairn commenced operations, the district of Barmer has registered a 650%
increase in per capita income – taking it above both the national and state
averages. Initiatives across water, biodiversity, education, women, and child
development, etc., have touched the lives of over 8 crore people in the region.
This has generated rich social wealth that is visible in the changed landscape
and livelihoods of western Rajasthan today.