Cairn was rated as the fastest-growing ?energy company in the world in 2012? and 2013 by Platts and is, today, one?of the largest independent oil and gas ?exploration and production companies ?in India.
Having commenced operations two ?decades ago as a 3000 barrels of ?oil per day company, Cairn has grown from ?very humble origins. The Mangala oil ?discovery in Rajasthan was a game ?changer for Cairn India and was recognised ?to be one of the largest onshore oil discoveries ?in the country.
Currently the Company operates almost ?30% of India’s domestic crude oil production ?and has opened 4 frontier basins with over ?40 discoveries tol date. Today, the Rajasthan ?block produces almost 25% of the nation’s ?crude oil and saves close to 8 billion US dollars of ?forex each year on oil import costs.
Cairn has a portfolio of 9 blocks, three of ?which—Rajasthan, Ravva and Cambay —?are producing assets with total production ?of over 224,000 ?barrels of oil per day.
Historically, Cairn India has been a pioneer ?in the application of innovative technologies. ?These play an important role in discovering ?oil and gas and maximizing recovery from ?reservoirs. Ravva is a fine example having ?produced more than double its initial estimates.
From building the world’s longest continuously ?heated and insulated crude oil pipeline to the ?implementation of one of the largest polymer ?flood enhanced oil recovery projects in the world ?Cairn has been a first mover in India for deploying ?numerous other innovative technologies
Cairn India stands for innovative thinking ?and a can-do attitude. Today it is a world- ?class exploration and production company ?with an established and sustainable portfolio.
With world-class assets, a strong balance ?sheet and an ambitious capital expenditure ?programme driven by a highly skilled and ?dedicated workforce, Cairn India remains well ?positioned as a trusted provider of future ?energy supply for the nation.