Cairn India Ltd

Cairn India, which has been present in the domestic oil and gas sector since 1996, is one of the
largest exploration and Production Company operating in India. Vedanta Group, which has a 59.9 per
cent stake in the company, is the promoter of company. The company was listed on the Bombay
Stock Exchange and National Stock Exchange in January 2007.
Cairn India has three producing assets, one each in Rajasthan (RJ-ON-90/1) (consisting of Mangala,
Bhagyam and Aishwarya oil fields), Cambay (CB/OS-2) and KG basin (Ravva). In January 2004,
Cairn India discovered oil reserves in the Rajasthan fields and subsequently in August 2009, it
commenced its first commercial production from Mangala. The company started production from its
Bhagyam field in January 2012, and from the Aishwarya field in March 2013. This field, along with
other discoveries in Rajasthan, is poised to contribute significantly towards production of the
company.
In 2008, the company acquired one offshore block in Sri Lanka at Mannar basin, through its 100 per
cent owned subsidiary Cairn Lanka Pvt. Ltd. In 2012-13, Cairn India succeeded in its overseas
operations in Sri Lanka. After 30 years of exploration in Sri Lanka, for the first time the company has
made discoveries in two out of the three wells drilled.
Cairn India:Profile

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Reserves & production

Cairn India operates 9 blocks in the Rajasthan, Cambay and Rawa region. Out of these 9 blocks,
Cairn India produces oil and gas from 3 blocks.
Cairn India: Oil and gas blocks

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In 2013-14, Cairn India's production increased by 7 per cent y-o-y to 137,127 barrels of oil equivalent
per day (boepd) from 125,305 barrels of oil equivalent per day (boepd) in 2012-13, mainly led by
higher production from Rajasthan and Cambay blocks. However, decline in production from Ravva
block curbed the rise in production. Ravva is the oldest producing field (more than 19 years old).
Crude oil production from the Ravva field has been on a continuous decline over past few years,
owing to natural reasons related to age of the field. The company is making efforts to curb the decline
in production. In 2013-14, the company accounted for 18 per cent of India's domestic production,
compared to 4 per cent in 2009-10.
Cairn India: Daily oil production

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Cairn India has been awarded 4 blocks under NELP, 2 in the NELP VI and 2 in NELP VII. The details
of the blocks are as given below:
Cairn India Ltd - Block details