Cairn Oil Gas to partner with Halliburton for raising reserves

New Delhi, November 16

Cairn Oil amp; Gas on Tuesday announced entering into a technical partnership with US-based Halliburton Company for raising 10-fold the reserve base at its offshore assets as well as for exploring shale oil and gas in Rajasthan.

Cairn, a unit of Vedanta Ltd, is investing $3-4 billion in exploration and production of oil and gas across its portfolio that consists of the prolific Rajasthan block, Ravva oil and gas field in Bay of Bengal and Cambay fields in western offshore. — PTI