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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
