Cairn Oil & Gas is the largest private sector producer of crude oil in India, currently producing from assets in Rajasthan, Andhra Pradesh and Gujarat. The Mangala field in Rajasthan, discovered in January 2004, was the largest onshore oil discovery in India in two decades. Mangala, Bhagyam and Aishwariya fields, the three major discoveries in the Rajasthan block, cumulatively have hydrocarbons reserves of approximately 2.2 billion barrels of oil equivalent.
Cairn is an exploration and production leader, and its exploration strategy is based on a portfolio of high reward prospects across the risk spectrum. It believes in investing in advanced geological and geophysical technologies to enhance the probability of exploration success, and monetise its hydrocarbon resources.
On April 11, 2017, Cairn India Limited merged with Vedanta Limited, unanimously recommended by the independent directors at both Vedanta Limited and Cairn India. The merger marked a significant step towards achieving Vedanta’s vision of a simplified group structure, which would help create long-term sustainable value. The merger helped consolidate the Group portfolio of tier-I assets across the natural resources sector, which combined with strong management, is delivering superior returns for all shareholders. The combined entity is uniquely positioned to help unlock India’s wealth of world-class energy and mineral resources.
We actively foster a culture of mutual trust in our interactions with our stakeholders.
We embrace a conducive environment for encouraging innovation that leads to a zero harm environment and exemplifies optimal utilization of natural resources, improved efficiencies and recoveries of by-products.
Our primary focus is to deliver the highest standards of excellence to our stakeholders. We are constantly motivated on improving our costs and our quality of production in each of our businesses by inculcating best practices of benchmarking.
We strive to engage ethically and transparently with all our stakeholders, taking accountability of our actions, and complying with international policies and procedures.
We lay emphasis on human rights, and respect the principle of free, prior and informed consent. Through our engagements, the local communities get the opportunity to voice their opinions and concerns.
As we continue to grow, we are committed to the triple bottom line of ‘People, Planet and Prosperity’ to create a sustainable future, in a zero-harm environment for our communities.
Our people are our most important assets. We actively encourage their development and support them in pursuing their goals.
Copyright © 2019 Cairn Oil & Gas, a vertical of Vedanta Limited. All rights reserved.