Vedanta Oil & Gas

What Vedanta Oil & Gas does

Vedanta Oil & Gas, operating commercially as Cairn Oil & Gas, is India's largest private-sector upstream oil and gas exploration and production company, headquartered in Gurgaon and listed on Indian exchanges as of June 2026 under parent Vedanta Limited. The company holds 44 exploration and production blocks spanning approximately 47,000 square kilometers across 13 sedimentary basins, anchored by the Mangala-Bhagyam-Aishwariya cluster in Rajasthan (the largest onshore oil discovery in India), the Cambay Basin (largest gas discovery), the KG Basin (Ravva), and the Arakan Basin in Assam. Reserves and resources stood at 1.4 BBOE with 19% year-over-year growth as of May 2024, and the company targets contributing 50% of India's domestic crude production alongside a Net Zero by 2030 commitment.

Technically, the asset base is built around a portfolio of industry firsts — India's first sub-sea well template, first jet pump installation, first and largest polymer-flood EOR program, and the world's largest ASP-flood application — complemented by 3D/4D seismic, hydraulic fracturing, artificial lift, and deepwater exploration capabilities now being scaled through alliances with TechnipFMC and 2H Offshore. Operations are supported by a Petro-Technical Cloud Project and IIoT sensor networks, with R&D partnerships at IIT Madras and IIT Bombay. The business model is upstream-only and asset-driven: revenue accrues from hydrocarbon sales produced under Production Sharing Contracts (PSCs), Open Acreage Licensing Policy (OALP) blocks, and Discovered Small Field (DSF) blocks, with offtake sold primarily to Indian refiners under government-regulatory frameworks. A $4-5 billion multi-year capex plan, including an INR 80,000 crore North-East India investment program, is being financed in part through the June 2026 IPO, while sustainability positioning (OGMP 2.0 Gold Standard Pathway, 100 MW Serentica renewables PPA, Baker Hughes geothermal collaboration) anchors the Net Zero 2030 commitment.

Name

Vedanta Oil & Gas

Legal name

Vedanta Limited (Cairn Oil & Gas Division)

Website

https://vedantaoilandgas.com

Company type

Public

Founded year

1994

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Vedanta Oil & Gas (operating as Cairn Oil & Gas) is India's largest private oil and gas exploration and production company, operating 44 blocks across 13 basins and supplying domestic crude and gas to Indian refiners under PSC, OALP, and DSF contracts.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (211130), Oil and Gas Extraction (2111), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Unconventional Resources Development (Shale/Tight, CBM) (EUALAAAH)

akta.pro secondary industries

Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG), Sulfur & Acid Gas Feedstocks (Sulfur, Sulfuric Acid, Mercaptans) (EUALAHAH)

Keywords

• Oil and gas exploration
• Crude oil production
• Upstream E&P services
• Enhanced oil recovery
• Natural gas extraction

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Oil and Gas Production: Revenue generated from production and sale of crude oil and natural gas from operated fields across India including Rajasthan, Gujarat, Andhra Pradesh, and Assam. Primary revenue stream from hydrocarbon extraction and sale.
2. Exploration and Production Services: E&P activities including exploration, development, and production of oil and gas assets. Revenue from production sharing contracts (PSC), OALP blocks, and DSF blocks.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels9 records

Core offering

Vedanta Oil & Gas (operating as Cairn) is India's largest private oil and gas exploration and production company. It extracts crude oil and natural gas from 44 blocks covering ~47,000 sq. km across 13 basins in Rajasthan, Gujarat, Andhra Pradesh, and Assam, and sells these hydrocarbons to India's energy market under Production Sharing Contracts and government licensing rounds.

Product overview

Vedanta Oil & Gas (operating as Cairn) is India's largest private oil and gas exploration and production company, operating across onshore and offshore assets. The company manages a portfolio of 44 blocks covering approximately 47,000 sq. km across 13 basins, including the prolific Rajasthan block with India's largest onshore Mangala oilfield, offshore Cambay Basin operations, Krishna Godavari Basin production, and Assam acreage. Key production assets include the Mangala Development Pipeline (world's longest heated pipeline at ~705 km). The company offers technology services including Enhanced Oil Recovery (EOR) through polymer and ASP flooding, hydraulic fracturing, 3D seismic, artificial lift systems, and deepwater exploration. Digital platforms include SAP Ariba supplier management, SirionLabs Contract Lifecycle Management, and Smart Source procurement tools. Sustainability services include carbon emission reduction and methane management under UNEP OGMP 2.0 Gold Standard Pathway.

Differentiator

Problem solved

Functional benefit

Products and services

• Rajasthan Exploration and Production Oil and gas exploration and production in the Barmer Basin, Rajasthan, including the prolific Mangala oilfield (India's largest onshore discovery and largest onshore oil production field), Bhagyam field, and Saraswati/Raageshwari fields. The Rajasthan block covers 10,000 sq. km with 41 discoveries in Barmer. Production for India's domestic energy market.
• Offshore Operations (Cambay Basin, Gujarat) Offshore oil and gas production from the Lakshmi and Gauri fields in the Cambay Basin, Gujarat, plus the Jaya field development under OALP's first Field Development Plan and the Ambe DSF block featuring India's first Sub-Sea Template installation. Domestic crude oil and natural gas for India's energy market.
• Ravva Field (Krishna Godavari Basin, Andhra Pradesh) Offshore oil and gas production from the Ravva field in the shallow waters of the Krishna Godavari Basin; also includes Nagayalanka field production. First India project for the company (now Vedanta Oil & Gas) and a foundation asset for offshore development expertise. Crude oil and gas sold into India's domestic energy market.
• Assam Operations (Arakan Basin) Oil and gas production from the Hazarigaon field in Assam's Arakan Basin, with extensive acreage of 7,650 sq. km covering 12 OALP blocks and 3 DSF blocks. Strategic focus area for exploration drilling and gas production.
• Mangala Development Pipeline (MDP) The world's longest continuously heated and insulated pipeline (~705 km), transporting crude oil from Rajasthan to Gujarat using Skin Effect Heat Management System (SEHMS) technology. Core export infrastructure for Vedanta Oil & Gas's Rajasthan production.

Quantifiable outcome

• 25% reduction in absolute carbon emissions over the last five years
• +5 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature11 records

Partnerships

Five partnerships are on record, tiered core and minor.

• EMGScoreTechnology or Integration · 25 April 2025Partnership for 3D CSEM (Controlled Source Electromagnetic) survey for deepwater exploration in the KG (Krishna Godavari) Basin offshore India. EMGS will execute the survey to support subsurface mapping and exploration activities.
• Parker Wellbore (Nabors Industries)coreTechnology or Integration · 1 April 2025Contract for exploration and production activities in Rajasthan, India. Parker Wellbore was recently acquired by Nabors Industries to strengthen E&P operations.
• TechnipFMCcoreTechnology or Integration · 12 March 2025Alliance agreement signed to advance deepwater exploration in India. Strategic partnership for deepwater E&P capabilities.
• 2H OffshorecoreTechnology or Integration · 11 March 2025Partnership to develop major offshore project on India's West Coast. Focus on offshore development and sub-sea operations.
• PetrofacminorImplementation/ SI/ Consulting PartnerO&M (Operations & Maintenance) contracts for operational support across various assets.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Oil and Natural Gas Corporation (ONGC): India's largest state-owned upstream oil and gas company, operating across onshore and offshore basins including Rajasthan, KG, and Assam. Directly comparable as the dominant domestic E&P operator competing for the same acreage rounds and offtake.
• Oil India Limited: Indian state-owned upstream E&P focused on Northeast India (Assam/Arakan basin) and Rajasthan. Directly comparable in operating model, PSC structure, and asset geography, including overlap with Vedanta's Rajasthan and Assam acreage.
• SELAN Exploration Technology: Indian independent upstream company producing from onshore oilfields using modern recovery techniques. Comparable as a domestic private E&P operator reliant on advanced recovery and PSC structures.
• Reliance Industries (KG-D6 Upstream): Operates KG-D6 deepwater gas production in the Krishna Godavari basin, the same basin where Vedanta is pursuing deepwater exploration via 3D CSEM and TechnipFMC partnerships. Closest Indian peer in deepwater E&P.
• Hindustan Oil Exploration Company (HOEC): Indian independent upstream E&P with production from offshore and onshore assets including PY-1 and Rajasthan area fields. Comparable as a smaller private-sector Indian E&P operator with similar PSC-based economics.

Broad incumbents

• ConocoPhillips: Global independent E&P with a technology-led unconventional and conventional portfolio. Comparable as a large-cap publicly listed upstream peer with similar focus on technology differentiation and capital discipline.
• CNOOC: Major Asian state-backed offshore and deepwater E&P operator with deepwater sub-sea capabilities. Comparable for offshore and deepwater sub-sea template technology deployment that Vedanta is now applying in India.
• Occidental Petroleum: Global E&P leader in Enhanced Oil Recovery and CO2 flooding (e.g., Permian, Oman). Comparable as the international benchmark for EOR-driven recovery and polymer flooding at scale, which Vedanta has adopted at Mangala.

Others

• Baker Hughes: Major oilfield services and technology provider partnered with Vedanta on geothermal energy and E&P operations. Comparable as an enabling technology partner supplying artificial lift, EOR chemistry, and digital solutions referenced in Vedanta's technology stack.

Emerging players

• Geopacific Resources: Small-cap emerging E&P with focus on development-stage assets. Comparable as a smaller independent leveraging partnerships and modern recovery techniques to grow production from a narrow asset base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/Cairn_Vedanta
• Facebookfacebook.com/CairnOilandGas
• LinkedInlinkedin.com/company/cairn-india-ltd
• Instagraminstagram.com/cairnoilandgas

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vedanta Oil & Gas