Epic Research

Friday, May 17, 2013

Epic Update : Cairn India

Epic Update Cairn IndiaCairn 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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