The Cairn India is although the best play in the upstream oil and gas private sector, it is becoming apparent that getting the requisite regulatory approvals might not happen, as a result, production ramp-up could also be delayed in near future.
Cairn India’s management has recently conveyed to analysts that it is producing 173,000-175,000 barrels per day (bpd) from its oil fields. However, from here, growth in production would be slower, as the Bhagyam field’s production of 23,000 bpd is
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