Fuelling India’s energy needs
Driving growth sustainably
India is the third-largest consumer of oil in the world. The oil and gas industry is one of the core contributors to India's economic growth. The demand for oil and gas is expected to increase with a CAGR of 2.4% by 2030. Cairn Oil & Gas, Vedanta Ltd., aims to meet this rising demand and contribute to the vision of a self-reliant India. We have hooked up 74 new wells in FY'2021 to help the Government of India reach the milestone of reducing oil imports by 10%
While we are trying to make India one of the top exporters of oil across the world, Cairn Oil & Gas, Vedanta Ltd., also has the vision to improve the quality of life of the communities we operate in. We have partnered with several reputed NGOs to deliver a real sustainable impact at the grassroots. With areas focusing on diverse aspects of society such as children’s well-being and education, women empowerment, healthcare, drinking water and sanitation, and many more, Vedanta aims to bring about holistic socio-economic development in the areas we operate in.
To increase domestic production, India needs to encourage exploration of new fields, increase investment and technology for ageing fields, and also incentivize unconventional options like shale and gas. At Cairn, we have focused on a technology-led production augmentation strategy which has set an industry benchmark.