Mumbai: Cairn India has outlined an investment plan worth more than $3 billion to explore and produce more oil in the next three years. Disclosing the investment plan, Navin Agarwal, Chairman, Cairn India said, “The investment will be totally funded from the company’s cash resources and targets to add 530 million barrels of oil to the prevalent reserves.”
He further disclosed the company’s belief over maintaining a balanced exploration portfolio, development and producing assets. The company also aims to aggressively pursue exploration and development opportunities in the coming months and years.
EPC World News Bureau
The post Cairn India outlines $3 bn investment for next 3 yrs appeared first on EPC World.