The Drilling Duo: Cairn and Parker Wellbore Team Up in Rajasthan

Cairn Oil & Gas, a part of the Vedanta Group, has entered into an agreement with Parker Wellbore to lease a 2,000 horsepower drilling rig for its operations in Barmer, Rajasthan. This contract aims to support Cairn’s efforts to expand production and exploration activities in the region, which is home to the company’s largest onshore oil-producing asset in India.

The high-performance rig will be deployed in Barmer this month to help enhance Cairn's operational efficiency and contribute to its growth objectives. This move is part of Cairn's ongoing strategy to boost production and exploration, reinforcing its commitment to expand its oil and gas operations in India.

Cairn is actively pursuing growth in several key areas, including deepwater exploration, tight oil, shale, and northeastern exploration. The company is also seeking partnerships with global oil and gas experts to enhance its capabilities and further increase production. Cairn holds interests in 62 blocks across India, with gross 2P (proved plus probable) reserves and 2C (contingent) reserves totaling 1.4 billion barrels of oil equivalent. The company’s producing assets are spread across Rajasthan, Andhra Pradesh, Gujarat, and Assam.

Hitesh Vaid, Chief Financial Officer of Cairn Oil & Gas, commented, "Cairn is driving significant investments to accelerate the exploration of unconventional resources in India. Through our collaborations with trusted global partners, we are unlocking the untapped potential of India’s oil and gas resources. This strategic partnership with Parker Wellbore will allow us to begin drilling in the coming months, enhancing our operational performance and contributing to our growth, in line with our goal to increase production."

News by Rahul Yelligetti