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INDIA APPROVES CAIRN ENERGY'S BILLION-DOLLAR DEVELOPMENT PLANS.
NEW DELHI, June 1 Asia Pulse - The Indian government has approved Cairn Energy's one-billion dollar development plans for four of the 18 oil discoveries made by the British firm in its Rajasthan block.
"The Field Development Plans for the Mangala, Aishwariya, Saraswati and Raageshwari fields in Block RJ-ON-90/1, Rajasthan, have now been approved by the Management Committee (Directorate General Hydrocarbons, Oil and Natural Gas Corp and Cairn). This final approval follows the earlier agreement on the FDPs reached at the joint venture Operating Committee between Cairn and ONGC," a company statement said.
The ...
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Source: HighBeam Research, INDIA APPROVES CAIRN ENERGY'S BILLION-DOLLAR DEVELOPMENT PLANS.