Cairn discovers more gas prospect in Ravva block.

Cairn India and its joint venture partners in the oil and gas producing Ravva block in the East Coast have discovered a new prospect in the existing fields.

The new area is expected to see hydrocarbons flow in the next three-four years.

According to estimates, the LO-110 prospect holds 368 billion cubic feet (10 billion cubic metres) of 'recoverable gas' and 16 million barrels of 'condensate', which is similar to light stabilised crude oil and used as feedstock for oil refining and other petrochemical industries.


HBL