Cairn Oil & Gas signs contract to hire Parker Wellbore's drilling rig

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Cairn Oil & Gas signs contract to hire Parker Wellbore's drilling rig - Business Standard

Quick Summary:

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.

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.

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