Cairn India discover More Oil Reserves in Rajasthan

The Petroleum Ministry sources reported that some fresh oil reserves have been discovered by Cairn India in Rajasthan oilfields. The oil production of India will be increased by 23% by 2011 with the opening of new oil reserves which indicates that the oils reserves are quite large. The company has not yet announced it. Murli Deora, the Petroleum Minister of India congratulated the Chief Executive of Cairn, Rahul Dhir for discovering the oil fields. Cairn India said, "Resource base provides potential to produce 240,000 barrel of oil per day (as against previous estimate of 175,000 bpd)," It also said that its Thar Desert oil reserves in Rajasthan have reached 4 billion barrels. The present oil yield from Rajasthan oilfield is 20,000 barrels per day and Cairn India’s aim is to increase it to 125,000 barrels per day by 2010 end.