Cairn India plans to invest Rs 12bn in Rajasthan block: reports

Report stated that the company is expecting Halliburton to begin drilling in a month or two.

Jul 04, 2014 03:07 IST India Infoline News Service

Cairn India has signed up Halliburton Company, for a Rs 1,200-crore contract to drill 100 wells at the Rajasthan onland block RJ-ON-90/1 over the next 18 months, says report.

Report stated that the company is expecting Halliburton to begin drilling in a month or two.

Cairn India won approval to drill exploration wells in the block last year.

Cairn plans to up production from the current level of 200,000 barrels a day to 500,000 barrels a day in five years.

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