Cairn India Ltd has commenced oil production from the Aishwariya field in the Rajasthan Block bordering Pakistan and also begun commercial sale of gas from there, the company said in a statement on Saturday. The company is engaged in oil and gas exploration, production and transportation, and has a 70 percent stake in the Rajasthan Block, while state-run ONGC holds the remaining.
Cairn India plans to raise oil output from the new field to 10,000 barrels per day and to invest more than 60 billion rupees ($1.1 billion) in exploration and development in the fiscal year beginning April, P. Elango, a member of the board said.
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