Cairn latest company to join NGS
Cairn India limited, one of the more successful oil and gas production companies in India has joined the Natural Gas Society as a primary member. The Primary membership category is a category for high value companies and the Governing Council of NGS at its meeting recently endorsed its membership.
Cairn India is the largest private sector crude oil producer in India. It is a subsidiary of Vedanta Limited; part of the Vedanta Group, a globally diversified natural resources group. Cairn was rated as the fastest-growing energy company in the world, as per 2012 & 2013 Platts Top 250 Global Energy Company Rankings.
Cairn India operates ~27% of India’s domestic crude oil production. Through its affiliates, Cairn India has been operating for more than 20 years playing an active role in developing India’s oil and gas resources. To date, Cairn India has opened 4 frontier basins with numerous discoveries, 38 in Rajasthan alone. The Mangala field in Rajasthan, discovered in January 2004, is the largest onshore oil discovery in India in more than two decades.
Cairn India has a world-class resource base, with interest in seven blocks in India, one in Sri Lanka and one in South Africa. The Company’s resource base is located in four strategically focused areas namely one block in Rajasthan, two on the west coast of India, five on the east coast of India (including one in Sri Lanka) and one in South Africa.
Cairn’s Indian operations are being headed by Mr. MayankAshar. He is the Managing Director and Chief Executive Officer of Cairn India. Mr. Ashar has over three decades of significant and extensive experience in the international oil and gas industry. This includes versatile and leadership roles in global organizations like British Petroleum, Petro-Canada Inc., Suncor Energy and the most recent assignment as President, Irving Oil.
In these roles, Mr. Ashar ensured noteworthy business results and demonstrated expertise in driving strategic growth, both organic and inorganic, delivering operational efficiency and executing large, complex capital intensive projects. In recognition of his operational excellence and large-scale project management leadership in the oil