Cairn India, one of the leading private sector oil and gas companies, announced Wednesday three new oil discoveries in Rajasthan block, taking the total number of discoveries in the block to date to 36. "This further exemplifies the capabilities of Cairn's exploration team operating in this prolific onshore block," it said.

Exploration well DP-1 has encountered 70m gross oil bearing interval in the Barmer Hill formation. The well has been tested, flowing oil @ 120 bopd. The DP structure is located 6 km NW of Mangala field and has an aerial extent of 21 km, the company said. 

"This is a significant discovery, in view of its proximity to the Mangala oil field and fast track appraisal is planned to facilitate rapid commercialization of this discovery."
Exploration well Saraswati SW-1 has been tested in a Mesozoic sand interval and flowed oil @ 248 bopd, the company said.

Further the company said well Aishwariya-46 flowed oil @ 182 bopd in Dharvi Dungar formation, making in the 36th discovery in the RJ-90/1. The well represents the first Dharvi Dungar oil discovery in the northern part of Barmer basin, it added.

Shares of the company gained Rs 6.2, or 1.94%, to trade at Rs 326.45. The total volume of shares traded was 108,116 at the BSE (1.49 p.m., Wednesday).