Client: Cairn Oil and Gas
Cairn Oil & Gas of Vedanta Limited (formerly Cairn India Limited) has aggressive exploration plans to establish hydrocarbon resource and subsequently carry out exploitation activities from the RJ-ON-90/1 block in Rajasthan, India, in a fast track timeline. Cairn, India’s largest private upstream oil and gas company, had partnered with Xodus Group in London for carrying out subsurface consultancy studies for Rajasthan exploration.
To achieve this, Cairn was looking to partner with oil and gas service companies for desktop-studies for maturing shallow oil leads/concepts to prospective resources and finally to drill-ready prospects. During the five months project tenure, Xodus was responsible for building a Prospective Resource portfolio of ~500 mmboe, which included the validation and establishment of the portfolio and subsequently prepare and recommend exploration plans.
Xodus carried out independent, integrated subsurface analyses and delivered a new inventory of multiple leads and prospects. Prospective resource volumes and chances of success were then calculated for these. The team also carried out a re-evaluation of the already ‘matured’ prospects to judge if they should be included in the portfolio.
Premanand Mishra, Head Exploration – Onshore, Cairn Oil & Gas, said:
“Rigorous technical work was carried out by the Xodus team with world-class expertise and rich experience, who were endowed with a voluminous database for this study. Xodus’ work has been of the highest quality and instrumental in delivering on-time-results within agreed budget. The Xodus team was responsive to requests and open to challenges, thereby adding value with creative evaluations and solutions.
“The highly competent technical and commercial teams were dedicatedly involved in this project. It is a pleasure to provide an open feedback to the group and we would definitely like to partner with Xodus in our future endeavours.”