Cairn India is reportedly planning to spend $3 billion in the next
three years, in order to increase its oil and gas production in the
country. It has decided to invest more than 80% of the total capex on
Cairn’s prolific Barmer oil block in Rajasthan. By the end of the
current fiscal year, company aims to increase oil production from Barmer
block more than 26% to 2,15,000 barrels per day from the current daily
average of 1,70,000 barrels.
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