Cairn raises Rajasthan oil estimates - Economic Times

NEW DELHI: Cairn India has raised crude oil reserves estimates at its Barmer fields in Rajasthan, leading to a 74% gap between private and government assessments under various nomenclature.

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Discovered resources comprise total deliverable petroleum quantities from the start of production to the ceasing of production in a field. Prospective resources are those quantities of petroleum estimated that can be potentially produced. “The increase in the Rajasthan resource base supports our vision of greater production potential in the Barmer basin,” said Cairn India CEO Rahul Dhir. Cairn India shares rose 3.76% to Rs 292.80 on the Bombay Stock Exchange.

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Cairn India has raised crude oil reserves estimates at its Barmer fields in Rajasthan, leading to a 74% gap between private and government assessments under various nomenclature.

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Full Story: Cairn raises Rajasthan oil estimates - Economic Times