Vedanta Oil & Gas targets 300 Mmboe northeast resource unlock 7 days ago
Vedanta Oil & Gas is targeting up to 300 Mmboe of oil and gas resource unlock in northeast India. The integrated seismic and subsurface programme covers nine OALP blocks and one discovered small field block. Total block coverage under the programme amounts to ten blocks. The development was reported by a newspaper.
At its AGM, Vedanta Oil & Gas Co-Chairman announced a production target of 500,000 barrels per day and a $5 billion capital investment in oil and gas over the next 3 to 5 years, signalling a major scale-up in the company's operational and financial ambitions within the sector.