July 29, 2012. Cairn India plans to spend over $600 million over the next two years to further enhance output from its Rajasthan oilfields. The company's expected capital expenditure over the next two years – fiscal 2013 and 2014 is -- $2 billion. Of this, it plans to spend 70 per cent on exploration led growth with focus on Rajasthan exploration. The company's output from the Rajasthan block recently crossed cumulative oil production over 100 million barrels. The current production is sustained at 175,000 barrels of oil a day. The Cairn-ONGC joint venture team in Rajasthan has identified numerous prospects that could translate into incremental revenues of $ 30 billion to the Government by way of royalty, cess, profit petroleum and taxes over life of field (40 years since start of production from August 2009) and a value creation of $10 billion.