Cairn India looks to boost offshore activity on crude fall: Report

Cairn India along with ONGC floated 10 tenders to shortlist companies that can offer a host of services to one block along the western coast and three along the eastern coast.

Cairn India Ltd is reportedly stepping up activity across its four offshore oil & gas assets to take advantage of low exploration costs following the sharp fall in crude oil prices.

According to reports, Cairn India along with ONGC floated 10 tenders to shortlist companies that can offer a host of services to one block along the western coast and three along the eastern coast.

Of the blocks, CB-OS/2 located in the Cambay basin off the coast of Gujarat and Ravva located off the coast of Andhra Pradesh are producing blocks.

Two others, located in the Krishna-Godavari (KG) basin and Pennar-Palar basin in Tamil Nadu, are under development.
ONGC is Cairn India’s partner in three of the blocks.
In the K-G basin, Cairn India has 100% stake.