Cairn Oil and Gas, a joint venture of Vendanta group, has got a 10-year extension to use Ravva offshore block in the Krishna-Godavari basin of Andhra Pradesh, according to a press release.
The extension was granted by the Director-General of Hydro-carbons, and the JV plans to invest ₹550 crores more in the field to drill seven more wells to recover 13 million barrels of oil.
The extension will expire on Oct 28, 2029.
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