High oil prices have triggered exploration activity globally, leading to demand for rigs. Aban will be a prime beneficiary. High oil prices have triggered exploration activity globally, leading to demand for rigs. Aban will be a prime beneficiary.
The Directorate-General of Hydrocarbons (DGH) has questioned the UK-based Cairn Energy's claims on the estimated in-place reserves in the Rajasthan block. The company, which has said that it may sell between 25 per cent and 80 per cent of its ...
Even as the Director General Hydrocarbons on Thursday questioned Cairn Energy's claims on a substantial increase in the reserve base of its Rajasthan oil fields, the latter stuck to its stand of an estimated total oil in-place in excess of 3.5 billion barrels.
Cairn Energy, the UK-based oil firm which discovered India's biggest oil field in Rajasthan, plans to sell at least 25 per cent of its shares in its Indian business through an initial public offering (IPO).