Cairn Oil & Gas announced on Thursday its submission of the Field Development Plan (FDP) to initiate gas production from the open acreage licensing. This indicates the company's strategic advancement towards its commitment to boost domestic gas production in line with India's vision of energy security and sustainability.
1. Cairn Oil & Gas has announced its plan to initiate gas production from open acreage licensing.
2. This move signifies Cairn Oil & Gas's strategic advancement and commitment to boost domestic gas production in India.
3. The company's efforts align with India's vision of energy security and sustainability.
4. The company has submitted the Field Development Plan {FDP}, outlining the steps and measures needed to establish the infrastructure for gas production.
5. This shift from oil-based operations to gas production showcases a significant milestone in the company's evolutionary path.
Cairn Oil & Gas aims to produce about 40 percent of India's crude oil by 2022.
The company Cairn Oil & Gas has officially communicated its intentions to inaugurate gas production from the open-acreage licensing. This move signifies their expansion into gas production, as most of their existing settings are oil-based. The Field Development Plan (FDP) thus submitted provides the roadmap for this fundamental shift towards gas production, outlining the steps and measures needed to establish the infrastructure necessary for this venture. This announcement marks a significant milestone in the evolutionary path of the company.