{"id":475142,"date":"2022-03-14T10:41:40","date_gmt":"2022-03-14T05:11:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=475142"},"modified":"2022-03-14T11:04:55","modified_gmt":"2022-03-14T05:34:55","slug":"vedantas-anil-agarwal-bets-4-bn-on-oil-hunt-amid-price-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vedantas-anil-agarwal-bets-4-bn-on-oil-hunt-amid-price-surge\/","title":{"rendered":"Vedanta&#8217;s Anil Agarwal bets $4 bn on oil hunt amid price surge"},"content":{"rendered":"<p>India\u2019s Cairn Oil &amp; Gas, a unit of Vedanta Ltd., will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive.<\/p>\n<p>India\u2019s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells to explore new oil and gas reserves across its 51 blocks in the country, Prachur Sah, deputy chief executive officer of Cairn, said in an interview to Bloomberg TV Friday.<\/p>\n<p>\u201cOur target is to reach half a million production in a very short time by doing these investments,\u201d he said. \u201cThis investment is not just a number, but we have projects in line. We are looking at exploration heavily over the next few years to get to these levels.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s Cairn Oil &amp; Gas, a unit of Vedanta Ltd., will spend as much as $4 billion over the next three years to more than triple its production, as high prices make investments attractive. India\u2019s biggest non-state producer, controlled by billionaire Anil Agarwal, plans to drill more wells to explore new oil and gas reserves across its 51 blocks in the country, Prachur Sah, deputy chief executive officer of Cairn, said in an interview to Bloomberg TV Friday. \u201cOur target is to reach half a million production in a very short time by doing these investments,\u201d he said. \u201cThis investment [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-475142","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=475142"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475142\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=475142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=475142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=475142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}