Cairn prepares to drill fresh round of targets offshore India
Cairn Oil & Gas has initiated a significant exploration campaign across offshore and onshore India, aiming to increase reserves and production to 300,000 boe/d with a $4.5 billion investment over four years.
Cairn says it is the largest private oil and gas acreage holder in the country with 63 blocks.
Cairn Oil & Gas reported that it has started work on a new exploration campaign offshore western and eastern India, supported by companies such as Halliburton and Weatherford.
The company is hoping to prove up more reserves to help lift its production to 300,000 boe/d. Over the next three to four years, it plans to invest $4.5 billion in exploration both offshore and onshore India.
Cairn will drill exploratory wells in its offshore blocks in Ambe and Dwarka on the west coast. There, the company recently also acquired three shallow-water blocks under India’s OALP Round IX.
In the deepwater Krishna-Godavari Basin offshore the east coast, EMGS has performed a 3D controlled source electromagnetic survey survey for Cairn. Drilling is due to start next year in the 3,600-sq-km area.
Cairn has also formed partnerships with TechnipFMC for deepwater exploration, and with 2H Offshore, Nabors, Weatherford, Haliburton and Baker Hughes for E&P in offshore and onshore fields.
Jeremy Beckman has been Editor Europe, Offshore since 1992. Prior to joining Offshore he was a freelance journalist for eight years, working for a variety of electronics, computing and scientific journals in the UK. He regularly writes news columns on trends and events both in the NW Europe offshore region and globally. He also writes features on developments and technology in exploration and production.
