Cairn and ONGC issue EOI
NEW DEHLI, January 5, 2015 – Cairn India and the government-owned Oil and Natural Gas Corporation have issued an expression of interest to sell 14,000 cubic metres (494,349 cubic feet) of gas per day from the onshore Barmer block’s Kaameshwari West field, located in the Indian state of Rajasthan. Open until the end of the month, the expression of interest announced last week is looking for customers on a five-year fall-back basis. The gas is to be delivered at the field’s processing facilities in Dudiyo.
As Cairn India’s contract for the Barmer block is valid until May 2020, producing gas from the asset could allow the operator to extend its contract from five to 10 years.
The Barmer Basin produces about 180,000 barrels of oil per day from three main fields: Mangala, Bhagyan and Aishwariya. Last November, Cairn India started a polymer injection programme in the Mangala field to raise output.