Videocon Petroleum started production in 1994-95 at the Ravva oil fields in the Bay of Bengal, 400 km north of Chennai. The Ravva oil and gas field in the Krishna–Godavari Basin was developed in partnership with Cairn, ONGC, Videocon and Ravva Oil, under a production sharing contract (PSC) that runs until 2019. Ravva pioneered many operational firsts in India, such as private helicopter licences, an offshore loading point for crude sales, a helibase at S. Yanam, the US Dollar to Indian Rupee conversion of sales tax, and invoicing in dollars for a product produced in India. As a first in India, Cairn conducted Time Lapse (4D) seismic technology using an OBC (Ocean Bottom Cable) seismic survey at Ravva. Oil production went beyond 30,000 bopd (barrels of oil per day) in March 2015.