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Cairn has said that it is on track to ramp up output from its Rajasthan fields to 125,000 barrels per day in the second half of 2010 from the current output of around 20,000 barrels per day
Cairn India Ltd on Tuesday said that oil reserves in its Thar Desert field in Rajasthan have increased to 4 billion barrels, reports PTI.
Previously, discovered resources were pegged at 3.7 billion barrels of oil and oil-equivalent gas, the company said in a press statement.
"Our resource base provides potential to produce 2,40,000 barrels per day (as against the previous estimate of 1,75,000 bpd)," it said.
Cairn said that it is on track to ramp up output from its Rajasthan fields to 1,25,000 bpd in the second half of 2010. Current output is around 20,000 bpd.
The company has tied up sale of 1,43,000 bpd (over 7 million tonnes a year) of oil. Cairn said that production potential from Mangala, the largest field in the block, has increased to 150,000 bpd from the previous 125,000 bpd.