Cairn India was rated as the fastest-growing energy company in the world, as per 2012 & 2013 Platts Top 250 Global Energy Company Rankings. The average gross production of Cairn India Limited for FY 2015-16 was 203,703 barrels of oil equivalent per day(boepd).
The Indian oil and gas market is characterized by very high dependence on oil & gas imports, importing over 75% of its domestic requirements. Petroleum imports constitute more than 35% of India's total gross imports, leading the Government of India to drive for increased domestic production to reduce the energy import burden of the country by at least 10% per annum, until 2022. Cairn India is one of the largest independent oil and gas exploration and production companies in India, been operating for close to 20 years and is well positioned to reduce the country's energy import burden. Cairn India has been playing an active role in developing India's oil and gas resources. To date, Cairn India has opened 4 frontier basins with numerous discoveries, 37 in Rajasthan alone. The Mangala field in Rajasthan, discovered in January 2004, is the largest onshore oil discovery in India in more than two decades. Mangala, Bhagyam and Aishwariya fields – major discoveries in the Rajasthan block have gross ultimate oil recovery of over 1 billion barrels.
On 14 June 2015, Vedanta Limited (Formerly known as Sesa Sterlite Ltd) announced its proposed merger with Cairn India Limited unanimously recommended by the independent directors, at both Vedanta Limited and Cairn India. The merger marks a significant step towards achieving our long-term vision of a simplified group structure and creation of long-term sustainable value. Consolidating our portfolio of Tier-I assets which, combined with strong management, will deliver superior returns for all shareholders and the combined entity is uniquely positioned to help unlock India’s wealth of world-class energy and mineral resources.
The process for merger is on track with transaction expected to be completed by Q4 FY16.
For further information please click on the below link:
Mangala, Bhagyam & Aishwariya fields, Rajasthan Block, Cairn India, Rajasthan, India
Block CB/OS 2, Lakshmi & Gauri oil&gas fields, Cambay Offshore Basin, Cairn India, Gujarat, India
Block 1, Orange Basin, South Africa
Rawa Oil & Gas field, Krishna Godavari basin, Cairn India, Andhra Pradesh, India
Block: SL 2007-01-001 Mannar Basin, Sri Lanka
Where We Operate
Our Oil & Gas operations are located in India, Sri Lanka and