Cairn India has made its latest oil discovery, the 26th discovery so far in the RJ-ON- 90/1 block, following recent policy clarity by Government of India (GoI) to conduct exploration activity in development blocks.

The Management Committee approved the exploration work programme for the RJON- 90/1 block on 14 February, 2013, post which Cairn India, the Operator of the block, commenced the drilling of its first Exploration well, Raageshwari-South-1, on 25 February, 2013 located in the southern part of the block.

Technical evaluations indicate ~10 metres of gross oil column within Dharvi Dungar Formation. Oil has been discovered and tested for the first time in Dharvi Dungar sands in Raageshwari-Tukaram area, where previous discoveries were in the shallower Thumbli sands. The volumes of oil in place and the potential resource base associated with this discovery are under evaluation.

Tags: Cairn Energy PLC