Cairn India’s average gross production for H1 FY16 was stood at 207,538 barrels of oil equivalent per day (boepd), slightly up by 1% year-on-year (y-o-y). The increase in production was mainly driven by consistent performance of offshore assets – Ravva and Cambay, through effective reservoir management practices and better than expected results from Ravva infill drilling campaign.
In Q2 FY16, average gross operated production and working interest production were up 6% and 4% y-o-y at 205,361 boepd and 128,021 boepd, respectively. Production at Rajasthan was up 3% y-o-y at 168,126 boepd, primarily driven by inline reservoir performance in Mangala and production from additional infill wells in the Aishwariya field. At Mangala EOR, the injection ramp up plan is on track and work on the drilling and surface facilities work is ongoing. Gross production from DA1 and DA2 averaged at 147,443 boepd and 20,683 boepd, respectively.
In Q2 FY16, gas production from the RDG field increased to an average rate of 30 mmscfd from 19 mmscfd in Q1 FY16, recording a peak production of 34 mmscfd. This was largely on account of optimization of existing infrastructure. Both the offshore assets registered a gross average production of 37,235 boepd, an increase of 19% y-o-y. Production at Ravva grew 27% y-o-y to 26,064 boepd due to consistently higher gas production, effective infill drilling campaign and prudent reservoir management. Cambay saw a production growth of 5% y-o-y, driven by effective reservoir management practices including well intervention campaign undertaken in the last quarter.
| Company Name | CMP |
|---|---|
| ONGC | 245.45 |
| Oil India | 507.20 |
| Jindal Drilling&Inds | 744.70 |
| Hind Oil Exploration | 187.30 |
| Deep Industries | 504.55 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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