Cairn India ups Mangala reservoir estimate by 36%: Sources

Cairn India has hiked Mangala reservoir estimate by 36%, reports, CNBC-TV18's Nayantara Rai quoting sources.

From operators’ point of view, Cairn India and ONGC are ready to ramp up production immediately. On March 30, they moved a resolution that they can ramp up production in Mangala to 150,000 barrels a day.
However, DGH is reluctant to give an approval to that production ramp up go. The DGH believes that one of the key lessons from the falling gas production at the KGD6 has been that the companies should not rush in to ramp up production. But Cairn India is trying its best to get that nod as soon as it can.
Cairn India has also revised the reservoir estimates at Mangala by 36%. It has brought to the attention of oil ministry as well as the DGH saying that the reservoir performance as well drilling activities as carried out warrants the production at Mangala should indeed be increased.