MUMBAI, March 23 (Reuters) - Cairn India Ltd has
commenced oil production from the Aishwariya field in the
Rajasthan Block bordering Pakistan and also begun commercial
sale of gas from there, the company said in a statement on
The company is engaged in oil and gas exploration,
production and transportation, and has a 70 percent stake in the
Rajasthan Block, while state-run ONGC holds the remaining.
Cairn India plans to raise oil output from the new field to
10,000 barrels per day and to invest more than 60 billion rupees
($1.1 billion) in exploration and development in the fiscal year
beginning April, P. Elango, a member of the board said.
The fields in the Rajasthan Block produce about 175,000 bpd
and contribute more than 23 percent of India's domestic
production, the company said.
The company will initially sell 5 million cubic feet gas per
day from the Rajasthan Block, according to the statement.