Cairn india starts oil production from Bhagyam field

摘要

Mumbai-Cairn India and its joint-venture partner Oil and Natural Gas Corporation Lim- ited have begun crude oil production from the Bhagyam field in the Barmer Basin in Rajast- han, the companies said in a joint statement late January 19. Bhagyam production will ramp up to the approved plateau rate of 40,000 b/d, they said "The commissioning of Bhagyam is a key milestone towards achieving the target production rate of 175,000 bopd by end FY 2011-12," the statement said. Cairn India's fiscal year runs from April to March.