Vedanta wants to boost crude output from Rajasthan oil fields; plans $200 million investment
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Vedanta plans to invest $200 million in 2026-27 to boost crude output from its Rajasthan oil fields.
- ✓The company aims to improve recovery from existing wells like Mangla.
- ✓Interim CEO Jim Johnny Gast said, “We are trying to explore small sedimentary basins and increase production from the producing wells.”
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Today
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Vedanta Oil and Gas is reportedly set to increase investment in its mature Rajasthan oil fields to boost crude output from existing wells. The company plans to invest about $200 million (₹2,000 crore) in 2026-27 across the region.
According to a report in The Economic Times, the investment will focus on the Mangla, Bhagyam and Aishwariya fields in northern Rajasthan. Vedanta aims to arrest natural reservoir decline and improve recovery from producing wells.
The immediate focus is on the Mangla field, whose discovery in 2004 made Barmer India's biggest onshore oil-producing region. Vedanta targets production of more than 150,000 barrels per day (bpd) from Mangla, up from about 80,000 bpd currently.
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