India needs tax and regulatory consistency – Cairn
Rules for new prospects should be extended to mature fields, according to the domestic producer
India’s Cairn Oil & Gas plans to double domestic oil production in the next few years and almost triple it within five, CEO Prachur Sah tells Petroleum Economist. The company—a subsidiary of mining firm Vedanta and no longer connected to UK-based Cairn Energy— is currently producing around 170,000bl/d and expects to reach 180-190,000bl/d for the year as a whole. Cairn aims to meet its expansion goals with both existing and new assets, although, over the next two-to-three years, that will primarily involve the optimisation of existing fields—especially the firm’s sizeable onshore assets in Rajasthan, Sah explains. Cairn is confident it can reach 500,000bl/d soon thereafter if reforms are
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