Rajasthan fields: Trouble between Vedanta and Baker Hughes

The oil field development agreement between Baker Hughes (then Baker Hughes, a GE Company (BHGE)) and Cairn Oil and Gas (a subsidiary of Vedanta Limited) seems to be in troubled waters, if the buzz in the industry is to be believed.

Though the company maintains that only a portion of the work is suspended and not the entire contract. Talks going around is that the deal between these two companies has fallen apart after Cairn Oil and Gas pulled back on new exploration activities.

Project details

This oilfield development contract was for drilling approximately 300 new wells and to deploy a chemical enhanced oil recovery programme aimed at increasing crude oil production from Rajasthan.