Cairn ropes in Baker Hughes to enhance recovery from Bhagyam oil-field
A day after announcing the partnership with global energy sector contractor Halliburton Offshore Services to increase the recoverable hydrocarbon reserve from its offshore assets, Vedanta’s Cairn Oil and Gas on Wednesday said it has joined hands with international energy technology provider Baker Hughes to enhance crude oil recovery from its Bhagyam oilfield located at the Barmer site in Rajasthan.
Under the partnership with Baker Hughes, Cairn will aim to increase the recoverable reserve of the Bhagyam field to 250 million barrels of oil equivalent (mboe) from the present level of 45 mboe. “We have been emphasising the need to introduce fresh technology to augment production from old and ageing fields that today comprise around 90% of India’s capacities,” Prachur Sah, CEO of Cairn Oil and Gas said.
