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{{Use British English|date=March 2013}} | {{Use British English|date=March 2013}} | ||
{{Use dmy dates|date=June 2020}} | {{Use dmy dates|date=June 2020}} | ||
{{Infobox company | {{Infobox company | ||
| name = Cairn Oil & Gas | | name = Cairn Oil & Gas | ||
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| logo_size = 250px | | logo_size = 250px | ||
| type = [[Privately held company|Private]] | | type = [[Privately held company|Private]] | ||
| foundation = 2006<ref>https://www.cairnenergy.com/about-us/our-story/</ref> | | foundation = 2006<ref>{{Cite web|url=https://www.cairnenergy.com/about-us/our-story/|title = Cairn | Our story}}</ref> | ||
| location = ASF Center Tower A, 62-363, Jwala Mill Road, PHASE IV, Udyog Vihar, Sector 18, Gurugram, Haryana, 122016, India | | location = ASF Center Tower A, 62-363, Jwala Mill Road, PHASE IV, Udyog Vihar, Sector 18, Gurugram, Haryana, 122016, India | ||
| area_served = India, Sri Lanka & South Africa | | area_served = India, Sri Lanka & South Africa | ||
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==Cairn – Vedanta deal== | ==Cairn – Vedanta deal== | ||
[[Vedanta Resources]] initially reached an agreement to acquire 58.8% of Cairn India from [[Cairn Energy]] for a total consideration of $8.67 billion in August 2010, with final shareholder approval in December. | |||
[[Vedanta Resources]] initially reached an agreement to | |||
==Vedanta ownership == | ==Vedanta ownership == | ||
While waiting on government approval on its agreement with Cairn Energy, Vedanta acquired an additional 18.5% on the open market including a 10.4% stake from Petronas for $1.5 billion. | While waiting on government approval on its agreement with Cairn Energy, Vedanta acquired an additional 18.5% on the open market including a 10.4% stake from Petronas for $1.5 billion. | ||
==Operations== | ==Operations== | ||
===Andhra Pradesh=== | ===Andhra Pradesh=== | ||
{{main|Ravva oil field}} | {{main|Ravva oil field}} | ||
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Cairn India's renewed exploration efforts resulted in an oil discovery, the 26th discovery so far in the RJ-ON-90/1 block, following recent policy clarity by Government of India (GoI) to conduct exploration activity in development blocks. The Management Committee approved the exploration work programme for the RJON-90/1 block on 14 February 2013, post which Cairn India, the Operator of the block, commenced the drilling of its first Exploration well, Raageshwari-South-1, on 25 February 2013 located in the southern part of the block. | Cairn India's renewed exploration efforts resulted in an oil discovery, the 26th discovery so far in the RJ-ON-90/1 block, following recent policy clarity by Government of India (GoI) to conduct exploration activity in development blocks. The Management Committee approved the exploration work programme for the RJON-90/1 block on 14 February 2013, post which Cairn India, the Operator of the block, commenced the drilling of its first Exploration well, Raageshwari-South-1, on 25 February 2013 located in the southern part of the block. | ||
Mangala : At Mangala, a total of 148 development wells have been drilled and completed with 96 producers and 33 injectors operationalised. The | Mangala : At Mangala, a total of 148 development wells have been drilled and completed with 96 producers and 33 injectors operationalised. The company has successfully drilled and completed 11 horizontal wells at MangalaMangala field is producing at plateau rates; infill wells are planned this year for sustaining and extending plateau andgoing forward, the Company intends to bring other wells on stream in a staged manner. Bhagyam: Bhagyam is the second largest field in the Rajasthan block, with an approved production plateau of {{convert|40000|oilbbl|m3}} of oil per day. A total of 62 development wells have been drilled till date with 21 producers and four injectors operational; 12 producer wells are yet to be drilled. Bhagyam field is expected to ramp up to approved rate in H2 FY2013-14; and additional wells are planned this year. Both Mangala and Bhagyam are connected to the Mangala Processing Terminal (MPT), which processes the crude oil from the Rajasthan fields. | ||
Aishwariya: The Aishwariya field is the third largest discovery in the Rajasthan block. Following an assessment of higher production potential and design optimisation due to increased reserves and resources, Cairn India has commenced development work in the field. Now Aishwariya field has commenced oil production and is the fifth oil field in the Rajasthan block to come online. The oil production from Aishwariya field was inaugurated on 23 March 2013, by the Hon’ble Minister of Petroleum and Natural Gas, Dr M VeerappaMoily in Barmer, Rajasthan in the presence of the Hon’ble Chief Minister Shri Ashok Gehlot, the Hon’ble Union Minister of State of Petroleum and Natural Gas Smt. P. Lakshmi. The field will achieve a gradual and safe ramp up to reach the currently approved FDP rate of {{convert|10000|oilbbl|m3}} of oil per day. | Aishwariya: The Aishwariya field is the third largest discovery in the Rajasthan block. Following an assessment of higher production potential and design optimisation due to increased reserves and resources, Cairn India has commenced development work in the field. Now Aishwariya field has commenced oil production and is the fifth oil field in the Rajasthan block to come online. The oil production from Aishwariya field was inaugurated on 23 March 2013, by the Hon’ble Minister of Petroleum and Natural Gas, Dr M VeerappaMoily in Barmer, Rajasthan in the presence of the Hon’ble Chief Minister Shri Ashok Gehlot, the Hon’ble Union Minister of State of Petroleum and Natural Gas Smt. P. Lakshmi. The field will achieve a gradual and safe ramp up to reach the currently approved FDP rate of {{convert|10000|oilbbl|m3}} of oil per day. | ||
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Saraswati and Raageshwari Fields: The Saraswati Field, which commenced production in May 2011, is currently producing at a rate of {{convert|250|oilbbl|m3}} of oil per day. Till date, it has produced over {{convert|75000|oilbbl|m3}} of oil. This oil is processed at the MPT, and blended with the Mangala oil which is sold through the pipeline. The marginal oil field at Raageshwari also commenced production in March 2012. The Raageshwari and Saraswati fields continue to cumulatively contribute over {{convert|500|oilbbl|m3}} of oil per day towards the total production from the block. Cairn India plans to drill in excess of 450 wells in the Rajasthan block over a three-year period; includes 100 Exploration and Appraisal (E&A) wells and the balance as development wells to sustain and enhance production. Cairn India commenced gas sales from the Raageshwari field on 23 March | Saraswati and Raageshwari Fields: The Saraswati Field, which commenced production in May 2011, is currently producing at a rate of {{convert|250|oilbbl|m3}} of oil per day. Till date, it has produced over {{convert|75000|oilbbl|m3}} of oil. This oil is processed at the MPT, and blended with the Mangala oil which is sold through the pipeline. The marginal oil field at Raageshwari also commenced production in March 2012. The Raageshwari and Saraswati fields continue to cumulatively contribute over {{convert|500|oilbbl|m3}} of oil per day towards the total production from the block. Cairn India plans to drill in excess of 450 wells in the Rajasthan block over a three-year period; includes 100 Exploration and Appraisal (E&A) wells and the balance as development wells to sustain and enhance production. Cairn India commenced gas sales from the Raageshwari field on 23 March | ||
===Commencement of | ===Commencement of sale of gas – Rajasthan Block=== | ||
On 23 March 2013, The Cairn-ONGC Joint Venture (JV) commenced commercial sale of gas from the Rajasthan Block (RJ-ON-90/1). Initial commercial volumes will be about {{convert|5|e6ft3|e3m3|abbr=off|lk=on}} at [[Standard cubic foot|standard conditions]] per day. The gas sales was inaugurated by the Hon’ble Minister of Petroleum and Natural Gas, Dr M VeerappaMoily in Barmer, Rajasthan in the presence of the Hon’ble Chief Minister Shri Ashok Gehlot, the Hon’ble Union Minister of State of Petroleum and Natural Gas Smt. P. Lakshmi. The RJ-ON-90/1 block currently produces about {{convert|30|e6ft3|e3m3|abbr=unit}} of gas per day from the Raageshwari Deep Gas field and as associated gas along with crude oil from the Mangala and Bhagyam fields. The continued exploration program in the block targets several other gas prospects that are expected to add to the production of natural gas from the block over the years. This is expected to pave the way in future for developing the state of Rajasthan as a gas-based economy. | On 23 March 2013, The Cairn-ONGC Joint Venture (JV) commenced commercial sale of gas from the Rajasthan Block (RJ-ON-90/1). Initial commercial volumes will be about {{convert|5|e6ft3|e3m3|abbr=off|lk=on}} at [[Standard cubic foot|standard conditions]] per day. The gas sales was inaugurated by the Hon’ble Minister of Petroleum and Natural Gas, Dr M VeerappaMoily in Barmer, Rajasthan in the presence of the Hon’ble Chief Minister Shri Ashok Gehlot, the Hon’ble Union Minister of State of Petroleum and Natural Gas Smt. P. Lakshmi. The RJ-ON-90/1 block currently produces about {{convert|30|e6ft3|e3m3|abbr=unit}} of gas per day from the Raageshwari Deep Gas field and as associated gas along with crude oil from the Mangala and Bhagyam fields. The continued exploration program in the block targets several other gas prospects that are expected to add to the production of natural gas from the block over the years. This is expected to pave the way in future for developing the state of Rajasthan as a gas-based economy. | ||
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==Sponsorships== | ==Sponsorships== | ||
Cairn India has Co-sponsored the Indian Hockey senior teams for a tenure of three years. This association, for a sum of several crores per annum, will cover the senior and junior national men and women teams. Cairn India announced the three-year association with Hockey India in the presence of Hockey India officials and the captains of the men and women hockey teams. Cairn India's association with Hockey India reinforces its commitment towards securing a positive future for the nation. Cairn has decided to join forces with the national game of the country and plans through several initiatives to encourage the sport amongst the new generation. | Cairn India has Co-sponsored the Indian Hockey senior teams for a tenure of three years. This association, for a sum of several crores per annum, will cover the senior and junior national men and women teams. Cairn India announced the three-year association with Hockey India in the presence of Hockey India officials and the captains of the men and women hockey teams. Cairn India's association with Hockey India reinforces its commitment towards securing a positive future for the nation. Cairn has decided to join forces with the national game of the country and plans through several initiatives to encourage the sport amongst the new generation. | ||
== Awards and recognition == | == Awards and recognition == | ||
* Winner of 2012 Platts Top 250 Global Energy Company award for the Fastest growing company in Asia and the World<ref> | * Winner of 2012 Platts Top 250 Global Energy Company award for the Fastest growing company in Asia and the World<ref>{{Cite web|url=http://top250.platts.com/FastestGrowing|title = Platts Top 250 Fastest Growing Companies | S&P Global Platts}}</ref> | ||
* Winner of 2012 FICCI Safety Excellence award for Manufacturing conferred to Ravva Asset<ref>[http://www.ficci.com/PressRelease/997/ficci-press-sep14-safety.pdf]</ref> | * Winner of 2012 FICCI Safety Excellence award for Manufacturing conferred to Ravva Asset<ref>[http://www.ficci.com/PressRelease/997/ficci-press-sep14-safety.pdf]</ref> | ||
* Winner of 2012 PetroFed award for O&G Pipeline Transportation Company of the Year<ref>{{Cite web |url=http://www.ft.lk/2012/06/16/cairn-wins-petrofed-award-for-og-pipeline-transportation-company-of-the-year/ |title=Cairn India wins PetroFed award for O&G Pipeline Transportation Company of the Year |access-date=20 June 2012 |archive-url=https://web.archive.org/web/20160304071129/http://www.ft.lk/2012/06/16/cairn-wins-petrofed-award-for-og-pipeline-transportation-company-of-the-year/ |archive-date=4 March 2016 |url-status=dead }}</ref> | * Winner of 2012 PetroFed award for O&G Pipeline Transportation Company of the Year<ref>{{Cite web |url=http://www.ft.lk/2012/06/16/cairn-wins-petrofed-award-for-og-pipeline-transportation-company-of-the-year/ |title=Cairn India wins PetroFed award for O&G Pipeline Transportation Company of the Year |access-date=20 June 2012 |archive-url=https://web.archive.org/web/20160304071129/http://www.ft.lk/2012/06/16/cairn-wins-petrofed-award-for-og-pipeline-transportation-company-of-the-year/ |archive-date=4 March 2016 |url-status=dead }}</ref> | ||
* Winner of Blue Dart Global CSR Award, 2012<ref>[http://www.indiainfoline.com/Markets/News/Cairn-India-wins-Blue-Dart-Global-CSR-Award-2012/5358150798 Cairn India wins Blue Dart Global CSR Award 2012]</ref> | * Winner of Blue Dart Global CSR Award, 2012<ref>[http://www.indiainfoline.com/Markets/News/Cairn-India-wins-Blue-Dart-Global-CSR-Award-2012/5358150798 Cairn India wins Blue Dart Global CSR Award 2012]</ref> | ||
* Winner of 2011 Spotlight Awards by League of American Communications Professionals<ref>[http://www.audiencematters.com/article-final.php?title=Cairn%20India%20conferred%20the%20Platinum%20Award%20of%20LACP Cairn India conferred the Platinum Award of LACP]</ref> | * Winner of 2011 Spotlight Awards by League of American Communications Professionals<ref>[http://www.audiencematters.com/article-final.php?title=Cairn%20India%20conferred%20the%20Platinum%20Award%20of%20LACP Cairn India conferred the Platinum Award of LACP]</ref> | ||
* Cairn India awarded 'Superbrand' status, 2011<ref>[http://articles.economictimes.indiatimes.com/2011-07-28/news/29824789_1_superbrand-status-cairn-india-largest-onland-oil-discovery Cairn India accorded 'Superbrand' status]</ref> | * Cairn India awarded 'Superbrand' status, 2011<ref>[http://articles.economictimes.indiatimes.com/2011-07-28/news/29824789_1_superbrand-status-cairn-india-largest-onland-oil-discovery Cairn India accorded 'Superbrand' status]</ref><ref>{{Cite web|title=Contact Us|url=https://www.cairnindia.com/Pages/Contact_Us.aspx|access-date=2021-08-17|website=www.cairnindia.com}}</ref> | ||
== References == | |||
https://www.cairnindia.com/Pages/Contact_Us.aspx==References== | |||
{{reflist}} | {{reflist}} | ||