Business Standard

Cairn to begin drilling across 4 blocks in Assam next month: Deputy CEO

Despite a lack of good quality rigs in the market, Cairn has enough options, he says

Steve Moore, Deputy CEO, Cairn Oil & Gas
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Steve Moore, Deputy CEO, Cairn Oil & Gas

Subhayan Chakraborty Betul (Goa)

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Cairn Oil & Gas is set to embark on a new venture in Assam next month.?

The initial phase will see the company drill 10 wells across four hydrocarbon blocks, located along the Assam-Arunachal and Assam-Nagaland borders, Stephen Moore, deputy chief executive officer (CEO), revealed in an interview with Business Standard, on the sidelines of the 2024 India Energy Week.

With an average expected success rate of 40 per cent, the company plans to have two rigs in operation in Assam, for drilling and appraisal, Moore said.?

Moore explained the company’s strategy in case of a discovery. “When there's no

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First Published: Feb 11 2024 | 11:31 PM IST

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