Oil Production started at Rajasthan - Fact Sheet

Cairn Energy PLC, a oil and gas exploration and production company, announced todat with its subsidury Cairn India, that it has started production from the world class Mangala Field in Rajasthan.

Some Fact About Rajasthan Oil Production Plant:
-Mangala is the largest of 25 discoveries made by Cairn in the Barmer Basin, Rajasthan.
-The oil production will gradually ramp up to a peak production of 175,000 barrels of oil per day over the next two years.
-At this point, oil production from Rajasthan oil fields will account for over 20% of India's domestic oil production.

-Cairn India, the Operator of the Rajasthan block, holds a 70% participating interest with ONGC, its joint venture (JV) partner, holding the balance of 30%.
-The JV has already invested $2 Billion in the Rajasthan project and has plans to invest a further $1.8 Billion by 2011, making it one of the largest onshore oil and gas projects in India.
-The Mangala field was discovered in January 2004 - the largest onshore oil discovery in India in more than 20 years
-The Rajasthan resource base has continually grown since the discovery of Mangala in 2004 - a total of 25 discoveries have already been made - the focus being to realise the full potential of the Barmer Basin in the coming years
-The total acreage under long term contract is 3,111 kms spread across the districts of Barmer and Jalore
-16,000 workers are currently involved in the construction activities -5,000 on the pipeline and 11,000 on the MPT
- Finally the most Important, Crude production from the Rajasthan fields will generate revenues of Rs. 36,000 crore ($7.6 Billion) in the form of royalties to the State Government of Rajasthan over the life of the project, while the Government of India will earn Rs. 46,000 crore ($9.5 Billion) as profit petroleum, assuming crude oil prices of $50 a barrel