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Cairn India

India

Address: 3rd & 4th Floor, Vipul Plaza, Suncity, Sector 54 Gurgaon – 122 002 India

Tel: +91 124 4593000

Web: www.cairnindia.com

Company description

Cairn explores for, discovers, develops and produces oil and gas assets globally. We have a proven track record of creating and delivering transformational value through focused exploration and development. Our story is about being pioneers and partners. We aim to build material positions in frontier areas whilst working with the communities in which we operate. Over the past 20 years Cairn has had a focus on South Asia. This has resulted in over 40 oil and gas discoveries and the development of major fields in India and Bangladesh. Cairn also has an early entry and strategic frontier exploration position in Greenland, a country recognised by the United States Geological Survey as having significant yet-to-find hydrocarbon potential. Our values of building respect, nurturing relationships and acting responsibly are at the core of all we do. People are our key asset and our teamwork, innovation and ability to combine technical and commercial expertise give us our edge. Cairn holds a 62.37% interest in Cairn India – which is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Cairn India has interests in 13 blocks in India and Sri Lanka.

Products and services

Cairn India's strategy is to establish commercial reserves from strategic positions in high potential exploration plays in order to create and deliver shareholder value. In the implementation of this strategy, Cairn India focuses on material positions that are capable of providing significant growth through exploration. The company operates the largest producing oil field in the Indian private sector and has pioneered the use of cutting-edge technology to extend production life. Today, Cairn India has a world-class resource base, with interest in 10 blocks in India and one in Sri Lanka. The Company made two successful bids in the New Exploration Licensing Policy (NELP) VIII licensing round, and was awarded the KG-OSN-2009/3 and MB-DWN-2009/1 blocks. The PSC was signed on 30 June, 2010 in the signing ceremony organised by MoP&NG.
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