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Last Updated : 22 December 2008 at 12:05 IST

Cairn India discovers oil, gas reserves in Rajasthan

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Commodity Online
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.