Cairn India reports new oil find in Ravva

29 Sep 2007

1

Mumbai: Cairn India Ltd has reported a new oil find in one of its exploration wells in the Ravva field off the east coast.

A company official said the initial flow at the well was around 1,500 barrels per day, but added Cairn was yet to inform the regulator of the find.

Cairn India, which owns a 22.5 per cent stake in the block, is also the operator. India''s Oil and Natural Gas Corp, Videocon Industries and Japanese firm Marubeni are the other stakeholders.

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