Vedanta invests $200 million to boost Rajasthan oil output
Based on · First reported
Sources
- Vedanta Oil and Gas announced a $200 million investment in its Rajasthan fields to increase crude production, focusing on the Mangla, Bhagyam and Aishwariya sites in northern Rajasthan.
- The company targets more than 150,000 barrels per day from the Mangla field and aims for a 60% recovery rate from its producing wells, while its average gross operated production was 77.7 thousand barrels of oil equivalent per day in the first quarter, with Rajasthan accounting for 81% of Vedanta's total output.
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