Cairn India Ltd has made an oil and gas discovery adjacent to the Raageshwari oilfield in its Rajasthan block.
Cairn has made several oil and gas discoveries in its Rajasthan Block RJ-ON-90/1 and in the first phase is developing Mangala, Bhagyam and Aishwariya oil finds to produce 175,000 barrels per day of crude oil in the second half of 2009.
Future work on the Raageshwari East 1/1Z discovery includes oil and gas field studies to determine the extent of the discovery as well as evaluate cost-effective development options. Drilling is expected to begin soon after.