Cairn, 2H Offshore Announce Partnership For Major Offshore India Project

Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas exploration and production company announced the commencement of a significant offshore development project on the West Coast of India through a Memorandum of Understanding (MoU) and Master Service Agreement (MSA) with 2H Offshore. The project, targeting an estimated ultimate recovery (EUR) of approximately 20 million barrels of oil equivalent (MMBOE), represents the largest development under the offshore Discovered Small Fields (DSF) blocks.

Cairn holds a 100 percent participating interest in this block.

Cairn is partnering with 2H Offshore for the integrated, end-to-end delivery of offshore platforms to develop the field. 2H Offshore is renowned for its proven track record and unique, adaptable mindset in optimizing asset design through unconventional technology, ensuring timely and cost-effective project delivery.

As a key player in India’s energy landscape, Cairn currently contributes nearly 25% of the nation’s domestic crude oil production and has the vision to double this for securing India’s energy future through responsible and sustainable practices.

The partnership was signed in the presence of Vedanta Chairman Mr. Anil Agarwal, at the CERAWeek by S&P Global energy conference taking place this week in Houston, Texas.

“This collaboration underscores our commitment to leveraging innovative solutions and expertise to develop our new fields," said Hitesh Vaid, CFO, Cairn Oil & Gas. "We are keen to work with 2H Offshore and are targeting the first hydrocarbon sales from this block by Q4 FY2027.”

“Our integrated delivery through an EPC-M (Engineering, Procurement, Construction, and Management) model will ensure our partnership with Cairn brings the best of what we have to offer to develop their project on time and best-in-class,” added David Walters, Global Director and VP, 2H Offshore.