Fast Tracking our journey towards achieving energy self-sufficiency and progressing towards our vision of contributing 50% to India’s domestic crude needs, we are happy to share that our total Reserve plus Resource additions have exceeded production, resulting in an outstanding Resource Replacement Ratio (RRR) of 533%, a five-fold increase from last fiscal year’s 108%. This milestone reflects our relentless dedication and expertise in resource evaluation and development planning.
Cairn’s Reserves and Resources (R&R) portfolio has seen a 19% year-on-year increase, reaching 1.4 billion barrels of oil equivalent (bnboe). This growth highlights our commitment to excellence and our pivotal role in advancing India’s energy self-reliance. Our promising exploration portfolio, with over 5 BnBOE of prospective resources, stands testament to our future potential.
Moreover, we’ve recorded a 33% year-on-year increase in our Gross Contingent (2C) resources, now at 1.126 BBOE. This significant growth ensures a larger pool of potentially recoverable oil and gas, fuelling our future production, cash flow, and contributions to Aatmanirbhar Bharat.
Let’s take pride in this remarkable achievement and continue our journey towards excellence and energy self-reliance.
