Through speedy adoption of cutting-edge technologies, Cairn took production in Ravva up from 3,000 to 50,000 barrels of oil per day, and sustained this production for nine years. “Fast-tracking decision making will help quicker and timely recovery of these additional reserves. Ravva is a fine example of augmenting production in an ageing oil field with the help of the most advanced technological interventions in the industry globally,” Ajay Kumar Dixit, chief executive officer (CEO), Cairn Oil and Gas.
“We have also always advocated a sustainable and safe work environment and Ravva has been a testament to our efforts with a slew of awards to its credit. Our endeavour is to make Ravva a global case study for enhanced recovery in an ageing oil field,” he added.
As of October 31, 2019, this asset has produced 295 million barrels of oil and 418 billion cubic feet of gas equivalent to 365 million barrels of oil equivalent. Cairn and its partners, including ONGC, generated revenues of $16.8 billion till March 2019. The companies
also contributed around $7.5 billion to the government exchequer till March 2019. Cairn said that some of the technologies deployed in Ravva block include 4D Seismic, E-line, tractor and stoker base-milling operations, cement packer jobs and produced water reinjection.