Monday, December 22, 2008

India discovers new oil, gas field in Rajasthan

NEW DELHI, Dec. 22 (Chinese media) -- Indian oil explorer Cairn India has discovered a new oil and gas field in west India state Rajasthan's Barmer district, the Indo Asia News Agency reported Monday.



The newly found oil and gas field is over 480 km from Jaipur, the capital city of Rajasthan.

Cairn India is yet to ascertain the total reserves, but said thewildcat well had a daily flow of 500 barrels of oil and 0.4 million standard cubic feet of gas.

The discovery is expected to ease India's oil needs. India now imports approximately two million barrels of oil per day (bopd). It produces approximately 700,000 bopd, of which approximately 50,000 bopd comes from the Cairn-operated Ravva oilfield on the eastern coast of India.

Cairn is a major oil and gas explorer and producer in India. Itmade a major oil discovery at Mangala in Rajasthan in 2004.

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