To target several gas prospects in Rajasthan
JV with ONGC starts oil output from Aishwariya field in Barmer
See Barmer exploration, development capex at Rs 6,000 crore for FY14
Barmer block gas approved price around USD 5/mBtu
Will buy out Cairn Energy’s residual 10 percent at some point
To invest Rs 6,000-10,000 crore over 3 years in Rajasthan
Target is to have ultimate production of 500,000 bpd
80 percent of benefit in Rajasthan Barmer field goes to govt
Govt has to decide on residual stake sale in Hindustan, BALCO.
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