Companies / India
Dragging Its Heels
April 2006 | Company News AlertIndia is in dire need of fresh oil supplies, with domestic production the method of choice for feeding the country's refineries. It is in the comfortable position of having a significant group of discoveries awaiting development that can add some 155,000 barrels per day (b/d) to output, but appears to have slowed the project progress to a crawl. Cairn Energy, operator of the Rajasthan project, had intended originally to deliver the first barrels from the main Mangala field by the end of 2007. Delays in getting government approval had tipped the start date into 2008 but, yesterday, the company admitted
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