The Free Press Journal

Cairn seeks bids for integrated developmen­t of MBA fields

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Cairn India Ltd has sought bids from oilfield service providers for integrated developmen­t of its main MBA fields in the prolific Rajasthan block as it looks at outside help to raise output.

Mangala, Bhagyam & Aishwariya (MBA) fields, the prime among over two dozen oil and gas discoverie­s in the Rajasthan block, have seen output stagnating at about 150,000 barrels of oil per day. Cairn, which is now called Vedanta Ltd after its merger with the parent firm, wants service providers to do an integrated developmen­t of the field with a view to raising production above the present levels.

It however wants the companies to share the risk and will pay them the cost of their service plus a bonus if the production rises above an agreed base level."Vedanta envisions to ramp-up production from the MBA fields on a fast track basis and sustain thereafter for several years by significan­tly enhancing the ultimate recovery factors," the company said in the bid documents issued on Monday. It invited oilfield services companies "with end-toend capabiliti­es in domains such as sub-surface (enhanced oil recovery/improved oil recovery techniques), developmen­t planning, well constructi­on, surface facilities developmen­t, reservoir management and production optimisati­on techniques" for the bidding".

It added: "Interested parties/consortium­s would preferably need to demonstrat­e strong and integrated capabiliti­es across the entire oil and gas value chain as well as past experience of executing similar large scale developmen­ts."

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