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The Management Committee approved exploration have the RJON90/1 block last month 14, after which Cairn India, the operator about the block, commenced the drilling from the first exploration well, RaageshwariSouth1, perfectly located at the southern system of the block, on February 25.
This assessment of Cairn is in the comprehensive look at the block resource potential undertaken by means of the jv Cairn India and ONGC. Cairn holds 70 percent on the block and ONGC remaining 30 per cent.
More crude oil would mean reducing importance of imports. After having a comprehensive review, the Rajasthan block resource potential was estimated at 7.3 billion barrels equivalent (gas and oil prices) gross inplace inside the current area, up from 3.1 billion barrels of oil equivalent.
The business enterprise has produced its 26th discovery for the RJON90/1 block, pursuing the recent policy clarification using the Centre allowing exploration in development blocks, said P. Elango, CEO Cairn India and An affiliate of the Board, said.
Almost twothird the world using the Rajasthan block RJONN 90/1 has actually been relinquished.
This agency is located in dialogue together with the Petroleum Ministry relating to the matter.
Today, the joint venture has 3,111 sq. km an element of the block.
Technical evaluations indicate approximately 10 m of gross oil column within Dharvi Dungar Formation. Oil has been discovered and tested in my ballet shoes in Dharvi Dungar sands in RaageshwariTukaram area, where previous discoveries were from the shallower Thumbli sands, Elango said. Cairn is keen to look around the surrendered a portion of the block, mainly because it finds the Barmer region capable of more output.
Your initial estimate belonging to the area had showed an origin potential of 2.5 billion barrels of oil equivalent gross inplace.
Barmer spouts oil for Cairn
discovery reaffirms our thought a hostile exploration drilling programme may help harness the whole potential of your Barmer Basin in Rajasthan.
Currently, the partnership produces over 175,000 barrels a full day of this Rajasthan block and wants to end the fiscal 201314 in a production rate of two,00,0002,15,000 barrels each day.
However, Government approval ought to tap more oil given that will mean exploring that section of the block, the fact that the partnership has relinquished, while using exploration norms.
The logic behind seeking approval for reexploration may be that during the time of surrendering it, not a soul knew its potential.
 
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