- Cairn executives invite US-based operators and service providers to collaborate on a range of growth projects
- Chairman of Vedanta Group to speak at the mainstage at Spotlight Session on Day 2
Cairn Oil & Gas, part of Vedanta Group and India's largest private oil and gas producer, will participate in the 44th annual gathering of CERAWeek by S&P Global, the world's premier energy conference, being held from March 23 - 27 in Houston, Texas.
Leading private operator, Cairn Oil & Gas, has planned $4 Bn investments in onshore recovery enhancement and offshore exploration and development to unlock the hydrocarbons in Indian basins.
The company is inviting seismic, sub-surface and drilling service providers to collaborate on a range of growth projects in the world's fastest growing energy market. India holds over 300 billion barrels of untapped resources, presenting a significant opportunity across onshore and offshore basins.
Cairn's growth roadmap covers six high-potential opportunity areas:
- Deepwater exploration and development in high prospect in the Krishna Godavari (KG) basin on the country's East Coast
- Shallow-water offshore projects in its West Coast. The company has made a recent discovery in its appraisal well Ambe-2A on the West Coast
- Frontier exploration in North-East India 锟� India's first oil in Digboi and recent discoveries made by Cairn - Rudra 1 and Hazarigaon
- Gas reservoir recovery enhancement
- Tight oil development
- Enhanced oil recovery (EOR) technologies
Anil Agarwal, Chairman of Vedanta will be attending the annual global energy conference to discuss India's expanding upstream landscape and partnership opportunities. His session will be on the main stage on Wednesday, March 25, at 9 a.m. CT.
India has opened large no-go areas in deep and ultra-deepwater blocks under the ongoing Open Acreage Licensing Policy (OALP) Bidding Round X - in line with the country's Prime Minister announcing the National Deepwater Exploration Mission and investment opportunities worth $500 billion in its energy sector by the end of this decade.
As one of the fastest-growing major economies, India's energy demand continues to rise rapidly. The country currently imports nearly 90% of its crude oil, underscoring the scale of opportunity for domestic exploration and production. With energy demand projected to grow steadily over the next two decades, India is prioritizing domestic resource development to strengthen energy security while supporting economic growth.
Recent regulatory initiatives such as the Petroleum and Natural Gas (PNG) Rules 2025 and the Open Acreage Licensing Policy (OALP) Round X represent significant opportunities for global investors in the upstream sector. The Government of India's progressive policy reforms and investor friendly frameworks are enabling ease of doing business of foreign players. OALP Round X 锟� India's largest oil and gas bidding round 锟� offers nearly 192,000 sq. km across 25 blocks in 13 sedimentary basins. Out of 25 blocks 13 deep and ultra-deepwater opportunities open new exploration frontiers for global energy companies.