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Cairn starts polymer injection at Mangala

31st Oct 2014 13:22

RNS Number : 8590V
Vedanta Resources PLC
31 October 2014
 



Vedanta Resources plc

16 Berkeley Street

London W1J 8DZ

Tel: +44 (0) 20 7499 5900

Fax: +44 (0) 20 7491 8440

www.vedantaresources.com

 

31 October 2014

Vedanta Resources plc

Cairn India starts polymer injection in its Mangala field in Rajasthan

The following release was issued today by Vedanta Resources Plc's subsidiary Cairn India Limited.

For Immediate Release 31st October, 2014

Cairn India Limited

Cairn India starts polymer injection in its Mangala field in Rajasthan

Cairn India, one of the largest independent oil and gas E&P companies in India, today initiated polymer injection at the Mangala field. 

Mangala Enhanced Oil Recovery (EOR) project, which is amongst the largest polymer flood EOR programmes in the world, commences well ahead of the guidance provided by the company. The polymer injection activity would gradually be ramped up.

Cairn India had recognised the potential for chemical EOR at an early stage of development in its Mangala, Bhagyam and Aishwariya (MBA) fields. The reservoir quality, oil properties and ambient temperature make these fields ideal for the application of chemical flooding EOR methods such as polymer or alkaline surfactant polymer (ASP) flooding. The chemical EOR programme has a potential to enhance recoveries from the Mangala, Bhagyam and Aishwariya fields by around 300 mmbbls.

The Mangala ASP pilot programme, the next phase of EOR has also yielded excellent results so far, suggesting better mobilization of oil post polymer flooding.

 

Sudhir Mathur CFO Cairn India, commented:

"Injecting the polymer at our world class polymer flood EOR project, ahead of schedule is a testament to our execution skills and team work. This will enable us to further unlock the potential of the prolific Rajasthan block and help contribute significantly towards the nation's energy security."

 

Media Relations

Neerja Sharma, Director - Assurance, Communication and Company Secretary

+91 124 4593169; +91 9717098035; [email protected];

 

Investor Relations

Nidhi Aggarwal, Head - Investor Relations

+91 124 4593490; +91 9810197755; [email protected]

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For further information, please contact:

Communications

 

Roma Balwani

Executive Vice President - Group Communications and CSR

Tel: +91 22 6646 1330

[email protected]

Investors

Ashwin Bajaj

Senior Vice President - Investor Relations

Radhika Arora

Associate General Manager - Investor Relations

Samuel Betha

Manager - Investor Relations

 

Finsbury

 

Gordon Simpson

Tel: +44 20 7251 3801

 

 

 

Tel: +91 22 6646 1531

[email protected]

 

About Vedanta Resources plc

Vedanta Resources plc ("Vedanta") is a London listed diversified global natural resources major. The group produces aluminium, copper, zinc, lead, silver, iron ore, oil & gas and commercial energy. Vedanta has operations in India, Zambia, Namibia, South Africa, Ireland, Liberia, Australia and Sri Lanka. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of entrepreneurship, excellence, trust, inclusiveness and growth. For more information, please visit www.vedantaresources.com.

 

Disclaimer

This press release contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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