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BHGE to leverage fullstream capabilities and technical expertise to help fast track field development and increase production across three fields in the Rajasthan area
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Project supports India government’s vision to reduce dependency on oil and gas imports and meet growing energy demand
New Delhi, India; August 9, 2018: Baker Hughes, a GE company (NYSE: BHGE) has been awarded a development contract by Cairn Oil & Gas, Vedanta Limited to construct approx. 300 new wells and deploy a chemical EOR program aimed at increasing production from the Rajasthan area. The project marks the largest integrated project for BHGE in India, expanding its presence in the country and supporting the government’s mission of reducing dependency on imports.
BHGE will provide an integrated scope of oilfield services and equipment, delivered in phases over the next 24 months to help Cairn Oil & Gas, Vedanta Limited unlock the significant untapped reserves in the Mangala, Bhagyam and Aishwariya (MBA) fields. This includes all associated technology and operations to develop new wells quickly and cost-efficiently, as well as solutions to enhance production from existing wells. The project is intended to be delivered in phases.
To enhance recovery from existing wells, BHGE is designing an alkaline-surfactant-polymer (ASP) flooding solution– the first of its kind in operation in India and one of the newest forms of chemical EOR in the industry today. BHGE’s scope includes developing the chemistry as well as constructing chemical recovery plants.
“By fast-tracking the operations of the MBA fields, our focus is on enhancing our productivity to support the nation’s energy needs,” said Sudhir Mathur, CEO, Cairn Oil & Gas, Vedanta Limited. “The decisive factor in awarding the contract was the competency of our partner in delivering solutions that enhance productivity and ensure cost efficiency. BHGE has been a long-term partner to Cairn and with this project we will strengthen our relationship further.”
“This is a landmark agreement that underpins our leading technology position and the value of our fullstream portfolio. From reservoir modelling and well construction to chemical injection and facility construction, our advanced technology solutions aim to deliver unprecedented levels of productivity for our customers,” said Ashish Bhandari, CEO, India and South Asia for Baker Hughes, a GE Company. “This is an important, strategic project that supports the Indian government’s goals to reduce oil and gas imports, and to enhance domestic energy production to meet growing requirements.”
The project is anticipated to begin in the second half of 2018 and continue for three years. The work is expected to help build and support local supply chain partners and strengthen local workforce skills in the region.
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About Cairn Oil & Gas, Vedanta Limited
Cairn Oil & Gas, a vertical of Vedanta Limited, is one of the largest independent oil and gas exploration and production companies in India, accounting for more than a quarter of India’s domestic crude oil production. It has a world-class resource base, with interest in six blocks, including five in India, and one in South Africa. In 2004, Cairn made the largest onshore discovery in more than two decades (Mangala, Rajasthan). To date, Cairn has opened 4 frontier basins with numerous discoveries, 38 in Rajasthan alone. Through its affiliates, the vertical has been operating for more than 20 years, playing a significant role in India’s oil and gas sector.
Vedanta Limited is a diversified natural resources company with interests in oil and gas, zinc-lead-silver, copper, iron ore, aluminum, and commercial power. The company has a presence across India, South Africa, Namibia, Australia, and Ireland. Vedanta Limited is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment, and on enhancing the lives of local communities. The company has been conferred the Confederation of Indian Industry (CII) “Sustainable Plus Platinum” label and ranks among the top 10 most sustainable companies in India.
About Baker Hughes, a GE company:
Baker Hughes, a GE company (NYSE: BHGE) is the world’s first and only fullstream provider of integrated oilfield products, services and digital solutions. We deploy minds and machines to enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, we infuse over a century of experience with the spirit of a startup – inventing smarter ways to bring energy to the world. Visit us at BHGE.com.
