New Ventures

EXPANDING FOOTPRINTS

Cairn's vision is to be a responsible oil and gas exploration and production leader and continue to play an active role in supporting India in its journey towards energy-independence. We have set an ambitious target of increasing our contribution to the crude oil production in India from 25 per cent to 50 per cent in the years to come.

  • " We are committed to produce 50% of India’s domestic crude oil and the new explorations will take us closer to that vision. Cairn is deeply committed to be a global E&P leader and has outperformed its peers in the Indian oil and gas sectors, and our efforts were recently recognized by the government, which awarded us a 10 year extension for our Rajasthan block. "

    • Anil Agarwal
    • Founder and Chairman
    • Vedanta Resources Limited

Cairn Oil & Gas a vertical Vedanta Resources, has a world-class resource base, with current interest in 62 blocks in India, including the 41 blocks awarded under the Open Acreage Licensing Policy (OALP) Round I auction, five blocks each under Round II and Round III, and two under the Discovered Small Fields (DSF) Round-II.

In 2004, Cairn made the largest onshore discovery in more than two decades in Mangala, Rajasthan. From owning five onshore blocks with proven and probable reserves of about 1.3 bboe, Cairn has expanded its reach to 62 blocks in India with newer onshore and offshore blocks, which add an upside resource of about 5.6 bboe across the states of Andhra Pradesh, Assam, Tamil Nadu, Tripura, Himachal Pradesh, Uttar Pradesh, Arunachal Pradesh, Rajasthan, Maharashtra and Gujarat.

With the addition of these 10 new blocks, Cairn's acreage is now ~65,000 sq km, catapulting its position as one of the largest exploration startups globally. Cairn aims to expedite the exploration and production from these new blocks and achieve its mission to take its overall production to 500 kboped.

Cairn Oil & Gas is at the cusp of exponential growth, with a vision to contribute 50 per cent of India's total domestic crude production. The company is set to invest 15 per cent of the $40 billion that India will pump into the upstream oil and gas sector over the next five years.