BUSINESS

Cairn increases reserve estimates

NEW DELHI, MARCH 24. Cairn Energy of the U.K. today increased its estimates of oil at a new field in Rajasthan . Oil was found at two new appraisal wells at the N-V field leading to upgradation of reserves to 250 to 350 million barrels, up from earlier estimates of 80 to 220 million barrels, the company said in a press release. — PTI

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