Companies

Cairn Oil & Gas gets 10-year extension for Ravva field

Our Bureau Visakhapatnam | Updated on November 07, 2019 Published on November 07, 2019

A general view of the Cairn Oil and Gas exploration plant (File photo)

Cairn Oil and Gas, a joint venture of Vendanta group, has got a 10-year extension to use Ravva offshore block in the Krishna-Godavari basin of Andhra Pradesh, according to a press release.

The extension was granted by the Director-General of Hydro-carbons, and the JV plans to invest ₹550 crores more in the field to drill seven more wells to recover 13 million barrels of oil.

The extension will expire on Oct 28, 2029.

Published on November 07, 2019
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