Vedanta's Cairn Oil & Gas Acquires 7 New Blocks in OALP Round-IX, Expanding Portfolio to 69 Blocks

Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas producer, has acquired 7 new blocks in the Open Acreage Licensing Policy (OALP) Round IX auction. The awarded new blocks comprise of 4 onshore and 3 shallow water blocks located in the hydrocarbon basins of Cambay, Saurashtra, and Mumbai. With these addition, Cairn’s portfolio now expands to 69 blocks covering over 73,000 sq.km. area across the country. Cairn is the largest private player acquiring 7 out of the 28 blocks auctioned in OALP Round IX, strengthening its portfolio, in line with the vision to contribute 50% of domestic crude production in India.