Cairn Energy aligns interests in India

01/23/2006
Scotland’s Cairn Energy PLC has occupied a niche in the Indian oil and gas community and is beginning to reap the rewards of its successful exploration program.Production and cash flow from the company’s Ravva field off eastern India and Sangu field off Bangladesh helped to fund subsequent exploration elsewhere in India. Cairn began drilling in western India in 2000, discovering the Lakshmi and Gauri gas fields in Gujarat, followed by drilling in Rajasthan in 2002.Several years of wildcat drilling are now paying off for the company with extraordinary exploration successes in Rajasthan, including the billion bbl Mangala field. Click here to enlarge imageCairn recently increase...
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