Cairn India discovered three new oil stocks in rajasthan
This further exemplifies the capabilities of Cairn's exploration team operating in this prolific onshore block. Exploration well DP-1 has encountered 70m gross oil bearing interval in the Barmer Hill formation. The well has been fracced and tested, flowing oil @ 120 bopd.
The DP structure is located 6 km NW of Mangala field and has an aerial extent of 21 km2 the Mangala oil field and fast track appraisal is planned to facilitate rapid commercialization of this discovery. Exploration well Saraswati SW-1 has been tested in a Mesozoic sand interval and flowed oil @ 248 bopd.
Well Aishwariya-46 flowed oil @ 182 bopd in Dharvi Dungar formation, making it the 36th Discovery in RJ-
ON-90/1. This well represents the first Dharvi Dungar oil discovery in the northern part of Barmer basin.
Mr. Sudhir Mathur, Interim CEO, Cairn India said, 'The objective of our dividend policy is to continuously enhance value to our shareholders. In line with this policy, we are delighted to announce an interim dividend of INR 5 per share'.
