Vedanta has bagged 41 of the 55 oil and gas exploration blocks offered in India’s maiden open acreage auction. Sudhir Mathur, CEO of Cairn Oil & Gas - Vedanta, spoke at length about the same.

Vedanta had acquired Cairn India last April.

Mathur said the company can unlock potential in onshore blocks over three years.

Talking more about the project, he said, “It’s difficult to talk about investment because we do not know the size of the discovery that would happen.”

“At this stage our key endeavour is to go ahead and do surveys which will allow us to spot opportunities to drill the well in under two years. We would seek out partners who would help us expedite this process,” he added.

“There are four offshore blocks but largely around Rajasthan near existing block in Barmer and in Assam and Cambay area,” Mathur said.

First Published:Aug 29, 2018 9:56 AM IST