Cairn India

Cairn India
केयर्न इंडिया

Type	Public limited company
Traded as	: CAIRN, :
Industry	Oil and gas
Founded	2007
Headquarters	DLF Atria near cyber city Gurgaon, Haryana 122002 India
Area served	India, Sri Lanka & South Africa
Key people	Mayank Ashar (CEO) Navin Agarwal (Chairman)
Products	Oil and Gas
Revenue	US $3,223 million (FY 2012—13)
Profit	US $2,135 million PAT (FY 2012—13)
Number of employees	1001–5000
Subsidiaries	List 1. Cairn India Holdings Limited 2. Cairn Energy Holdings Limited 3. Cairn Energy Hydrocarbons Limited 4. Cairn Exploration (No.7) Limited 5. Cairn Exploration (No.6) Limited 6. Cairn Exploration (No.4) Limited 7. Cairn Exploration (No.2) Limited 8. Cairn Energy Gujarat Block 1 Limited 9. Cairn Energy Discovery Limited 10. Cairn Petroleum India Limited 11. Cairn Energy Cambay B.V. 12. Cairn Energy India West B.V. 13. Cairn Energy Gujarat B.V. 14. Cairn Energy India Holdings B.V. 15. Cairn Energy Group Holdings B.V. 16. Cairn Energy Netherlands Holdings B.V. 17. Cairn Energy Gujarat Holding B.V. 18. Cairn Energy India West Holding B.V. 19. Cairn Energy Cambay Holding B.V. 20. Cairn Energy Australia Pty Limited 21. CEH Australia Limited 22. Cairn Energy Asia Pty Limited 23. Cairn Energy Investments Australia Pty Limited 24. Wessington Investments Pty Limited 25. Sydney Oil Company Pty Limited 26. Cairn Energy India Pty Limited 27. CEH Australia Pty Limited 28. CIG Mauritius Private Limited 29. CIG Mauritius Holdings Private Limited 30. Cairn Lanka (Pvt) Limited
Website	www.cairnindia.com

Cairn India is an Indian oil and gas exploration and production company, headquartered in Gurgaon, India. It is a subsidiary of Vedanta Resources. Cairn India is one of the largest independent oil and gas exploration and production companies in India. Cairn and its JV partners’ account for more than a fifth of India’s domestic crude oil production. It has been operating in India for more than fifteen years. Cairn India’s producing assets are in Rajasthan, Cambay and Ravva. Cairn India has a portfolio of nine blocks, that it operates, which are located in four strategically focused areas: one in Rajasthan; two on the west coast of India; five on the east coast of India (including one in offshore Sri Lanka) and one in offshore South Africa.

The Mangala discovery in Rajasthan in 2004 was the largest onshore discovery in the country in the past two decades. The company operates a producing oil field in the Indian private sector.

Cairn produces oil and gas from three blocks in India: Ravva in Andhra Pradesh, CB-OS/2 in Gujarat and RJON-90/1 in Rajasthan. In 2007, Cairn India was listed on the and as on date has a market capitalisation of ~$14 billion and amongst the top 25 Indian company in the NIFTY 50 index. Top 250 Global Energy Company Rankings by Platts, ranked Cairn India for being the World's fastest-growing energy company in 2011. Now the Company plans to invest $3 billion in the next three years in finding more oil and raising output from Rajasthan oilfields.

In early 1999, Cairn made the first Rajasthan discovery – Guda field, followed by Saraswati in 2001. Mangala was their biggest discovery in 2003, followed by Raageshwari, Bhagyam, Aishwariya, Kaameshwari and GR-F fields in Rajasthan. In 2003, Cairn acquired 100% of the exploration interest and took over as the operator of the block.

Ravva block in eastern coast of India was the first offshore oil and gas field to be developed, followed by the Lakshmi gas field in western India, which was discovered in 2000 and commenced production in 2002. In January 2004, Cairn India added the Mangala oil field in Rajasthan to its assets and this, along with, the other discoveries in Rajasthan.

On 9 January 2007, Cairn India Limited was listed on the and the National Stock Exchange of India.

Two of blocks are located onshore in the Barmer and Krishna-Godavari Basins, and the remaining seven blocks are all located offshore in the Krishna-Godavari Basin, the Palar-Pennar Basin, the Cambay Basin, and the Mumbai Offshore Basin in India, and the frontier Mannar Basin in Sri Lanka and the Orange Basin in South Africa.