Cairn seeks more land near Rajasthan oilfield
Cairn India (CIL), a subsidiary of UK-based Cairn Energy, engaged in the development of oilfields in Rajasthan, has written a letter to the government seeking an additional 238 sq km of land adjacent to the area where it recently made three new di...
The company claims that the discovered oil resources of Kaameshwari 2 field extend ���significantly������ beyond the existing boundaries of the field.
In a letter to the oil ministry, managing director and chief executive officer Rahul Dhir sought the government���s approval to acquire a small area that extends beyond the current contract boundary of the oil field (RJ-ON-90/1) in Barmer, Rajasthan, in line with the terms of the production-sharing contract (PSC).
Quoting a recent decision of the oilfield���s management committee (which has oil ministry representatives), Mr Dhir said in the letter: ���... 238 sq km in open acreage, relinquished from the original RJ-ON-90/1 PSC area, was also agreed to be recommended to the government as per article 10.1 of the PSC.���
A Cairn spokesperson declined to comment on the issue.