Cairn India discovers oil, gas reserves in Rajasthan
Published on: December 22, 2008 at 12:05
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NEW DELHI: Cairn India Ltd said on Monday that it has discovered oil and gas reserves in near to the Raageshwari Oilfield in Rajasthan block.
In an official release said “The discovery is located approximately 1.5 km east of the Raageshwari 1 well in the southern part of the Mangala, Aishwariya, Raageshwari and Saraswati development areas”.
Cairn has made several oil and gas discoveries in its Rajasthan Block RJ-ON-90/1 and in the first phase is developing Mangala, Bhagyam and Aishwariya oil finds to produce 175,000 barrels per day of crude oil in the second half of 2009.
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With used carbon credits finding a way back to the market, UN backed carbon credits grounded to a halt on Tuesday with exchange prices plummeting to EUR 1.00/tonne of CO2. Meanwhile, European Climate Exchange (ECX) is putting in place new rules to block recycled certified emission reductions (CERs) from trading on the Lodon-based platform 
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