Shell, Cairn to bid for Enron holdings in India

Royal Dutch/Shell Group and Cairn Energy PLC of the UK reportedly have joined the bidding to acquire Enron Corp.'s stake in Panna-Mukta and Tapti oil and gas fields in the Indian Gujarat and Mumbai offshore regions. Enron was operator.


MUMBAI�Royal Dutch/Shell Group and Cairn Energy PLC of the UK reportedly have joined the bidding to acquire Enron Corp.'s stake in Panna-Mukta and Tapti oil and gas fields off India.

Enron is quitting the unincorporated joint venture formed to develop the fields (OGJ Online, Oct. 24, 2000). Enron was operator.

Shell and Cairn have shown interest in acquiring Enron's 30% stake in the fields, which produce 29,000 b/d of oil and 300 million cu m of gas. The fields are in the Gujarat and Mumbai offshore region.

Also interested are government-owned Oil and Natural Gas Corp. and the textiles and petrochemicals firm Reliance Industries Ltd. Both hold interests in Panna-Mukta and Tapti fields.

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