Vedanta Oil to Invest $5 Billion to Lift Output Above 500,000 boe/d in 5 Years
Updated
Updated · Bloomberg · Jul 14
Vedanta Oil to Invest $5 Billion to Lift Output Above 500,000 boe/d in 5 Years
3 articles · Updated · Bloomberg · Jul 14
Summary
$5 billion will be spent by Vedanta Oil and Gas to raise production to about 500,000 barrels of oil equivalent a day within five years.
That target implies output growth of more than fivefold from the fiscal year ended March 31, when average production fell to 87,200 boe/d.
Rajasthan fields — the company's most productive assets in western India — are central to the expansion after group output slid from more than 210,000 boe/d a decade earlier.
The investment aligns with India's broader effort to curb dependence on imported energy by reviving domestic oil and gas supply.