Vedanta Group’s Cairn Oil & Gas seeks global partners for $5 bn expansion, invites bids for Gujarat gas output
Cairn Oil & Gas, part of the Vedanta Group and India’s largest private oil and gas exploration and production company, has invited expressions of interest from global partners for multiple projects across its oil and gas fields as part of its $ 5 billion investment plan over the next 2–3 years.
The company, which currently has interests in 55 blocks, is seeking to collaborate with global rig partners for deploying the latest high-quality rigs at 10 onshore drilling and 2 shallow offshore drilling locations for a period of 2–3 years. The rig company will be responsible for complete rig drilling operations, including transportation, storage, and upkeeping.
