Vedanta Ltd's Cairn Oil & Gas on Wednesday said it has commenced oil production from NA #01 facility in Aishwariya Barmer Hills in Rajasthan.
"The project is a first in Cairn's tight oil portfolio with a growth potential to contribute 20 per cent to the company's vision production," the company said in a statement.
Cairn Oil & Gas however did not give production numbers.
The project, the firm said, has been executed in collaboration with leading global oilfields services company, Schlumberger.
The ABH development uses some of the most advanced technologies for its operations. It is the largest horizontal well with multi-frac development campaign of 37 wells in the Indian subcontinent which is the key enabler to unlock tight oil.
Speaking about the project, Prachur Sah, Deputy CEO, Cairn Oil & Gas, said, "The ABH tight oil project is yet another example of our commitment to growing India's E&P sector through the deployment of advanced technologies.
"It is also a testament to India's hydrocarbons potential, wherein we have been successful in enhancing production from ageing fields. We will continue to explore ways in which we can add to domestic production of crude oil and advance the nation towards energy self-sufficiency.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU