Cairn to invest Rs 3,000 cr in Barmer fields

Vedanta group firm Cairn India has drawn up plans to invest Rs 3,000 crore over the next three years into its Barmer oilfields in Rajasthan to pump up volumes.

This would be the single-largest IOR/EOR (increased oil recovery/enhanced oil recovery) programme in India. “The scheme will help recover over 90 million barrels of oil in the Rajasthan block and sustain the peak output for a longer time,” Cairn CEO P Elango said on the sidelines of Petrotech-2014, the oil ministry’s biennial jamboree.