New Delhi, Aug 12 : World's leading independent oil and gas exploration and production company Cairn India has received the prestigious Game Changer Oil and Gas Company of the Year award, constituted by the Petroleum Federation of India (PetroFed).
The award instituted in 2007and part of the annual PetroFed Oil and Gas Industry Awards was presented by Secretary MoPNG, KD Tripathi at an event organized as part of the PetroFed Awards 2015 function held on August 8, 2016.
The award recognizes Cairn India's game-changing leadership in adopting a suite of new technologies used for improving oil recovery in older and declining oil wells and reservoirs -namely, Enhanced Oil Recovery (EOR).
"The success of the Mangala EOR reaffirms the company's commitment not just to the Rajasthan block but also testifies to Cairn India's vision to secure energy self-sufficiency for the nation," said Acting CEO of Cairn India Limited, Sudhir Mathur.
Cairn India launched the first polymer injection at Mangala in 2014. By end of FY2015, the company had ramp up its polymer injection rate and completed the Mangala Alkaline Surfactant Polymer (ASP) pilot successfully.
The Mangala EOR contributed an average of 42,000 barrels of additional oil per day (bopd) during the last quarter.
Cairn India has a portfolio of eight blocks, one block in Rajasthan, two on the west coast, four on the east coast of India, and one in South Africa.
Oil and gas is currently being produced from Barmer, Ravva and Cambay. The Mangala field discovered in January 2004 is the largest onshore oil discovery in India in more than two decades.