Vedanta’s Cairn Oil & Gas submits plan for Jaya field development in Gujarat

Cairn Oil & Gas, a subsidiary of Vedanta, has submitted the field development plan (FDP) for the Jaya field in Gujarat’s Bharuch district. The Jaya gas and condensate discovery, part of the block CB-ONHP-2017/2, is a landmark achievement under India’s Open Acreage Licensing Policy (OALP).

The block, one of 41 awarded to Cairn Oil & Gas in the OALP-I auctions, represents a significant step towards achieving the company’s goal of doubling production capacities and driving energy self-sufficiency, or aatmanirbharta, for India. Cairn holds a 100% participating interest in this block, making it a critical asset in their portfolio.

See also  Deutsche Windtechnik and Meidensha forge alliance to advance Japanese wind energy

Dr. Steve Moore, Deputy CEO of Cairn Oil & Gas, expressed enthusiasm about the project: “We are delighted to have progressed to Jaya discovery to its FDP and ready to begin production from Jaya block. At Cairn Oil & Gas, driving new exploration is a key pillar as we strive towards our goal of achieving 50% contribution to India’s domestic oil and gas production.”

Jaya field : Cairn Oil & Gas Announces Major Step in Indian Energy Self-Reliance with First FDP Submission under OALP
Jaya field : Cairn Oil & Gas Announces Major Step in Indian Energy Self-Reliance with First FDP Submission under OALP

During its appraisal phase, the Jaya field pioneered the use of truck-mounted Compressed Natural Gas (CNG) kits to evacuate test gas. This innovative approach enabled Cairn to minimize gas flaring, aligning with its decarbonization vision, while simultaneously monetizing the gas and catering to national energy needs.

See also  TGS extends deepwater seismic data acquisition campaign in West Africa into 2024

Cairn’s use of Advanced Rock Physics and Seismic Inversion technology has been pivotal in identifying subsurface sweet spots in the Jaya area. The cluster of prospects identified can be developed through tieback to the Jaya facility, demonstrating Cairn’s commitment to cutting-edge technology and sustainable development.

The FDP for the Jaya field symbolizes a new asset in the western region of India, supporting both economic and sustainable development. Cairn Oil & Gas continues to set benchmarks in exploration and production, contributing significantly to India’s energy security.

See also  Chord Energy and Enerplus seal $11bn merger to dominate Williston Basin

Discover more from Business-News-Today.com

Subscribe to get the latest posts sent to your email.