Cairn Looks to Hire Americans to Build India’s Shale Sector
Anil Agarwal at the CERAWeek by S&P Global conference in Houston March 25.
Photographer: Aaron M. Sprecher/BloombergVedanta Ltd.’s Cairn Oil & Gas is looking to quadruple daily output to the equivalent of 1 million barrels over the better part of the next decade as India’s largest private sector oil producers basks in the war-drive surge in crude prices.
Cairn executives are in Houston this week looking to spend as much as $5 billion with oilfield contractors who will help the company develop fields at home that include shale formations, Vedanta Chairman Anil Agarwal said during an interview.