Cairn Oil & Gas to date has opened 4 frontier basins with 38 hydrocarbon discoveries in the Indian state of Rajasthan alone.
Cairn Oil & Gas is one of the largest oil and gas exploration and production companies in India. It has a world-class asset base, with a balanced portfolio of production and exploration assets. Cairn has a strong track record of successful exploration and delivering production growth, low cost operations and a strong talent pool.
Cairn's resource base provides significant production growth potential. It currently accounts for ~27% of India's oil production and contributes more than 80% of domestic production growth.
Cairn Oil & Gas is the largest private producer of crude oil in India and was rated as the fastest-growing energy company in the world for 2012 & 2013 as per the Platts Top 250 Global Energy Company Rankings. Its onshore RJ-ON-90/1 (Rajasthan) block is the flagship asset, and has a basin production potential of 300,000 barrels of oil equivalent per day.
During the Financial year 2014-15 the company’s operations reduced India’s dependence on oil imports by over ~US$ 6 billion and contributed over US$ 3 billion to the exchequer.
Cairn Oil & Gas has a portfolio of 7 blocks - one block in Rajasthan, which contains multiple assets, one on the west coast and four on the east coast of India and South Africa. Oil and gas is currently being produced from onshore Rajasthan block, offshore Ravva block on the east coast and offshore Cambay block on the west coast.