September 20, 2005

YOU CAN'T DRILL A HOLE ANYWHERE WITHOUT FINDING THE STUFF:

Oil hopes swell for Cairn Energy (BBC, 9/20/05)

Oil firm Cairn Energy has raised its estimates of oil at its three key Indian fields, as it unveiled a modest rise in half-year profits.

Cairn said total potential production at the Rajasthan fields was now over 150,000 barrels per day. [...]

The fields at Mangala, Bhagyam and Aishwariya have proved and probable reserves of between 514 million and 685 million barrels, the company said.

Posted by Orrin Judd at September 20, 2005 12:00 AM
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