Cairn Partners with Parker Wellbore for E&P in Rajasthan’s Barmer
POWER & RENEWABLE ENERGY

Cairn Partners with Parker Wellbore for E&P in Rajasthan’s Barmer

Cairn Oil & Gas, a unit of Vedanta Group, has inked a strategic agreement with Parker Wellbore—recently acquired by Nabors Industries—to ramp up exploration and production (E&P) activities in Barmer, Rajasthan, its largest onshore asset in India.

Under the contract, Cairn will deploy a high-performance 2000 HP drilling rig this month. The advanced rig comes equipped with a top drive system, automated pipe handling, and real-time data monitoring, aimed at maximising efficiency, ensuring safer operations, and delivering superior drilling performance.

The move supports Cairn’s broader strategy to enhance production, tap into unconventional reserves, and explore assets like Deepwater, Tight Oil, ASP, Shale, and blocks in the Northeast. The company has a robust petroleum system with proven source rock and viable oil plays across multiple grabens.

Cairn contributes around 25% of India’s domestic crude production and is actively seeking partnerships with global oil majors to support its growth ambitions.

The collaboration was formalised during a leadership meet at CERAWeek in Houston, signalling stronger global engagement to support India’s energy security.

Cairn Oil & Gas, a unit of Vedanta Group, has inked a strategic agreement with Parker Wellbore—recently acquired by Nabors Industries—to ramp up exploration and production (E&P) activities in Barmer, Rajasthan, its largest onshore asset in India. Under the contract, Cairn will deploy a high-performance 2000 HP drilling rig this month. The advanced rig comes equipped with a top drive system, automated pipe handling, and real-time data monitoring, aimed at maximising efficiency, ensuring safer operations, and delivering superior drilling performance. The move supports Cairn’s broader strategy to enhance production, tap into unconventional reserves, and explore assets like Deepwater, Tight Oil, ASP, Shale, and blocks in the Northeast. The company has a robust petroleum system with proven source rock and viable oil plays across multiple grabens. Cairn contributes around 25% of India’s domestic crude production and is actively seeking partnerships with global oil majors to support its growth ambitions. The collaboration was formalised during a leadership meet at CERAWeek in Houston, signalling stronger global engagement to support India’s energy security.

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?