Cairn Oil & Gas to monetise Gas discovery in Ambe First DSF block

30 Jan Cairn Oil & Gas to monetise Gas discovery in Ambe First DSF block

(Oilandgaspress) -] Cairn Oil & Gas, part of Vedanta Ltd., and India’s largest private oil and gas exploration and production company, has notified the DGH and Ministry of Petroleum and Natural Gas a hydrocarbon (Gas) discovery in its appraisal well Ambe-2A on the West Coast. The discovery has been made in reservoirs, below the main gas field, within the Miocene-Tarkeshwar formation.

Cairn is carrying out evaluations to assess the potential for the field development plan of the block.

Cairn plans to drill two additional wells in continuity for the ongoing drilling campaign. The field has the potential to enhance domestic gas production and advance the company’s contribution to India’s energy aatmanirbharta.

The company plans to develop its offshore blocks in the East and West coast, as part of its exploration and development campaign, in alignment with Hon’ble Prime Minister’s Samudra Manthan Mission to accelerate production from India’s offshore reserves.

The discovery marks a key milestone for Cairn in its commitment to contribute to India’s journey towards energy security. The Discovered Small Field (DSF) assets can boost company’s production and fast-track the development and monetisation of the shallow-water offshore field.

The Ambe block, spread across 728.19 sq. km, was awarded to Cairn under the DSF-III bidding round in September 2022. The first hydrocarbon discovery in the block was made during Cairn’s previous tenure in the area. The company holds 100% participating interest in the block.

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