Cairn India is planning to invest Rs 13,000 crore to drill over 450 wells in Rajasthan and up to Rs 16,000 crore till FY16 for oil exploration. Further, the company is evaluating ways to develop twin discoveries in Sri Lanka. Exploration will continue to be central to company’s growth plans.
Cairn India is one of the largest independent oil and gas exploration and production companies in India. The company and its JV partners account for more than 20 percent of India’s domestic crude oil production.
