News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Saturday, November 11, 2017 11:26:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 619 Times
Vedanta plans to invest $850-mn to raise Rajasthan oilfields output.
Vedanta Ltd on Friday announced a $850 million investment for raising oil and gas production from its Rajasthan oilfields by about 100,000 barrels a day.

In a regulatory announcement, the company said its board of directors has approved brownfield growth projects.

The fields were previously operated by Cairn India, which has now merged with Vedanta Ltd.

"The oil and gas business has commenced its next phase of growth, which will result in an additional production of 100,000 barrels of oil and oil equivalent gas per day (boepd). We expect to eventually ramp up to 275,000-300,000 boepd by FY2020," it said.

The company currently produces less than 160,000 boepd from Rajasthan.

Key to raising output, Vedanta said, would be replicating the success of output enhancement at Mangala oilfield, the biggest in Rajasthan block, in Bhagyam and Aishwariya fields.

Polymer injections were used in the enhanced oil recovery (EO) project at Mangala.

To recover tight oil and gas, the company said it will deploy "latest fracking technologies to recover oil and gas from tighter reservoir formations through execution of Raageshwari Deep Gas (RDG) and Aishwariya Barmer Hill (ABH)".

Also, infill wells around existing producers in Mangala and Cambay will be done to accelerate near-term production, it said, adding liquid handling capacity at Mangala Processing Terminal will be increased by over 30 per cent to handle incremental volumes.

"The total CapEx for these projects is $850 million," it added.

BS

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
IOCL to pick up stake in Paradip Plastic Park.
Volkswagen China to invest $12 bn in new energy vehicles.
R S India invests Rs. 300 cr in Swiss quality & precision tech unit in Rajasthan.
Patanjali to set up food processing unit in Lakkampally SEZ.
EESL to float another tender by March-April.
Nokia to commence production of 5-G ready base stations from Chennai plant.
Apollo Tyres lines up Rs. 4,500-crore capex for next two years.
Tata Steel SEZ may get environment nod for Gopalpur by month-end.
Amara Raja Batteries eyeing to become Rs. 10,000-cr firm in next 3 yrs.
Omni Active Health to invest Rs. 150 cr in acquisitions over 3-4 years.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback