Cairn Oil & Gas reported that it has started work on a new exploration campaign offshore western and eastern India, supported by companies such as Halliburton and Weatherford.
The company is hoping to prove up more reserves to help lift its production to 300,000 boe/d. Over the next three to four years, it plans to invest $4.5 billion in exploration both offshore and onshore India.
Cairn will drill exploratory wells in its offshore blocks in Ambe and Dwarka on the west coast. There, the company recently also acquired three shallow-water blocks under India’s OALP Round IX.
In the deepwater Krishna-Godavari Basin offshore the east coast, EMGS has performed a 3D controlled source electromagnetic survey survey for Cairn. Drilling is due to start next year in the 3,600-sq-km area.
Cairn has also formed partnerships with TechnipFMC for deepwater exploration, and with 2H Offshore, Nabors, Weatherford, Haliburton and Baker Hughes for E&P in offshore and onshore fields.
Cairn Oil & Gas has acquired three shallow-water exploration blocks under India’s Open Acreage Licensing Policy (OALP) Round IX auction.