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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Cairn Energy to increase Indian oil project output AFP - Friday, May 21 Send IM Story Print Scottish oil and gas explorer Cairn Energy said Thursday it hopes to raise output at its Rajasthan project in India to 125,000 barrels of crude per day in the second half of 2010. Slideshow: Full Photo Coverage: Business & Economy LONDON (AFP) - – Scottish oil and gas explorer Cairn Energy said Thursday it hopes to raise output at its Rajasthan project in India to 125,000 barrels of crude per day in the second half of 2010. "The pipeline from the Mangala Processing Terminal (MPT) in Rajasthan to Salaya in Gujarat, is now complete," the Edinburgh-based group said in a statement. "Hydrocarbons have been introduced into the pipeline in the second quarter of 2010 to facilitate the ramp up of production to 125,000 barrels of oil per day in the second half of 2010," it added. Average production from Rajasthan in the first quarter stood at 17,532 bpd, while current output has increased to around 60,000 bpd. The terminal is designed to process crude from the Mangala, Bhagyam and Aishwariya oil fields in India and has the capacity to handle 205,000 barrels of oil per day. Cairn Energy began to pump crude from the vast reserves in the Indian desert state of Rajasthan last August. Cairn bought the field in 2002 from Anglo-Dutch giant Shell, which had concluded it contained no major reserves. Two years later, Cairn struck oil. Cairn also said it plans to drill four wells offshore of Greenland in the coming months as it works on another prospect. Recommend Send IM Story Print Related Articles FOREX-Euro climbs vs US dollar, sentiment still negative Reuters - 32 minutes ago US-BUSINESS Summary Reuters - 36 minutes ago Dell profit exceeds forecasts but shares slump Reuters - 37 minutes ago Stocks sink on euro-zone fears Reuters - 49 minutes ago No swaps drawn with foreign cen banks in latest week-NY Fed Reuters - 50 minutes ago News Search Top Stories US team creates first 'synthetic life' France's Sarkozy denies rift with Germany over debt crisis Paris museum burglar grabs 120-million-dollar art haul Blood diamond prosecutors seek to subpoena Naomi Campbell Judge issues arrest warrant for Lindsay Lohan More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Japan town bans public servants from growing beards Euro slips, German ban keeps markets under tension Tuberculosis most deadly of 'neglected' diseases Obama turns on glamour for Mexico state dinner US Fed sees stronger economic recovery More Most Viewed » Scientists stunned as grey whale sighted off Israel Lack of sleep linked to early death: study UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Ocean fish could disappear in 40 years: UN More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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