Cairn India conferred with “game changer oil & gas company of the year” Award

Cairn india_indianbureaucracy
Cairn india_indianbureaucracy

Cairn India, one of the world’s leading independent oil and gas exploration and production companies, has received the prestigious Game Changer Oil & Gas Company of the Year award, constituted by the Petroleum Federation of India (PetroFed).

The award – instituted in 2007 and part of the annual PetroFed Oil & Gas Industry Awards – was presented by Shri K. D. Tripathi, Secretary, MoPNG, at an event organized as part of the PetroFed Awards 2015 function held on August 8, 2016 at Hotel Hyatt Regency, New Delhi. Mr Suniti Bhat, Director RJ Oil and Member ExCo received the award on behalf of the company. The award recognizes Cairn India’s game-changing leadership in adopting a suite of new technologies used for improving oil recovery in older and declining oil wells and reservoirs – namely, Enhanced Oil Recovery (EOR).

Speaking about the award, Mr Sudhir Mathur, acting CEO of Cairn India Limited said that the success of the Mangala EOR reaffirms the company’s commitment not just to the Rajasthan block but also testifies to Cairn India’s vision to secure energy self-sufficiency for the nation. Cairn India launched the first polymer injection at Mangala in 2014. By end of FY2015, the company had ramp up its polymer injection rate and completed the Mangala Alkaline Surfactant Polymer (ASP) pilot successfully. The Mangala EOR contributed an average of 42,000 barrels of additional oil per day (bopd) during the last quarter. Excellent performance by Mangala EOR and encouraging upside from Aishwariya infill program have continued to assert the potential of Cairn

CAIRN INDIA’S EOR PROGRAM

Cairn India’s ambitious EOR program in Rajasthan block is one of the largest in the world. The project is being implemented over the Mangala, Bhagyam and Aishwariya (MBA) oil fields to help arrest natural decline and maintain production. The term itself stands for a set of special techniques that increase the amount of crude oil that can be extracted from a field, over and above conventional primary depletion or basic water flooding which typically recovers 20-40% of the stock tank oil initially in place (STOIIP). Using typical EOR methods, an additional 10-20% of STOIIP can be extracted from a field.

The importance of EOR for the Mangala field (and subsequently for Bhagyam and Aishwariya) was realized soon after its discovery in 2004. The field is expected to produce around 35% of STOIIP

MEDIA INFORMATION NOTE AUGUST 10, 2016

over 30 years of conventional water flood operations. Successful completion of ASP pilot would open ways to further improve the recovery. The MBA field with 2.2 billion barrels of hydrocarbons in place, are the key pillars of the company’s strong fundamentals in the region. Cairn India has a portfolio of eight blocks – one block in Rajasthan, two on the west coast, four on the east coast of India, and one in South Africa. Oil and gas is currently being produced from Ravva and Cambay. The Mangala field discovered in January 2004, is the largest onshore oil discovery in India in more than two decades.

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