Business Update11 Jan 2024, 06:03 pm
Vedanta's Cairn Oil & Gas Submits First Field Development Plan in OALP to Commence Gas Production in Gujarat
AI Summary
Cairn Oil & Gas, a part of Vedanta Ltd., has submitted a Field Development Plan (FDP) to produce >2,000 boepd initially in its onshore OALP block in Gujarat, marking a key milestone in the company's goal of doubling production capacities and driving energy aatmanirbharta for India.,
Key Highlights
- Vedanta's Cairn Oil & Gas submits first Field Development Plan (FDP) in OALP to commence Gas production from Jaya in Gujarat
- Jaya field has the potential to contribute to the Company's goal of doubling production capacities and driving energy aatmanirbharta for India
- Cairn has utilised Advanced Rock Physics and Seismic Inversion technology to predict subsurface sweet spots in and around the Jaya area
- The company has signed a commercial gas sales agreement for gas off-take