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Cairn Oil & Gas Signs Agreement to Hire Parker Wellbore’s Drilling Rig

Cairn Oil & Gas, part of Vedanta Group and India's largest private oil and gas exploration and production company, has entered into an agreement to hire a high performance 2000 horsepower drilling rig from Parker Wellbore, recently acquired by Nabors Industries – a global technology provider.

The pact will help expand the company's oil and gas exploration and production operations in India, the firm said in a statement.

Cairn "will deploy this state-of-the-art rig in Barmer, Rajasthan – the company's largest onshore producing asset in India, this month," it said. "This deployment aligns with Cairn's ongoing efforts to increase production and support its exploration initiatives in the region."

Recently at CERAWeek 2025, Vedanta chairman Anil Agarwal shared the company's plan for India's energy sector growth. The company will be investing in brownfield projects to add 5 billion barrels of oil equivalent reserves, and produce 500,000 barrels per day at a cost of USD 5 per barrel, the statement said without giving timelines.

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