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Vedanta Plans $5B Investment to Boost Oil Output to 500,000 Barrels/Day

GateNews
According to Jin10 Data, on July 14, Vedanta announced a five-year investment plan of $5 billion to significantly increase its oil and gas production to approximately 500,000 barrels of oil equivalent per day, aiming to help India reduce energy import dependency. The company's daily output had fallen to 87,200 barrels in the fiscal year ending March 31, down from over 210,000 barrels a decade ago. Vedanta projects current fiscal year production at around 100,000 barrels per day and plans to boost output through improved recovery rates in mature reservoirs and new field development, targeting production representing over half of India's total crude output.
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