Cairn CFO Hitesh Vaid at this year’s CERAWeek by S&P Global
Cairn sees deepwater key to boosting India’s energy security
Indian E&P company wants to take domestic production to a new horizon, given the amount of unexplored opportunities
India’s largest private E&P company, Vedanta Group’s Cairn Oil & Gas, is entering deeper waters in search for petroleum liquids as the country pivots towards enhancing domestic production capacity. Amid growing geopolitical uncertainty and the potential for a trade war, Cairn CFO Hitesh Vaid told Petroleum Economist in an interview that “energy security is key to India’s development”. “Our economy and population is growing; that is why energy demand is growing—and there is a large amount of imports required,” he said, noting that India imports around 90% of its crude oil requirements. “Given what is going on in the world, you do not want to rely on energy from anywhere else,” he adde
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
