State run, Cairn India has been shortlisted to bid for Lebanon’s maiden auction of exploration licences for offshore oil and natural gas. Oil & Natural Gas Corporation’s (ONGC) - overseas arm ONGC Videsh is the only other Indian firm to have been qualified to bid as a non-operator.
Cairn India and Cairn Energy are among the 34 companies qualified to bid as non-operators for up to 10 blocks being offered in the bid round.
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.
