Home Business Oil and Gas Cairn Oil & Gas Partners w...

Cairn Oil & Gas Partners with TechnipFMC for Deep-Water Development

Oil and Gas

Business Honor
15 March, 2025

Cairn Oil & Gas partners with TechnipFMC to accelerate deep-water exploration and innovation in India.

Cairn Oil & Gas, an Indian private oil and gas company and a member of the Vedanta Group, has entered into a strategic partnership with TechnipFMC to speed up the development of integrated subsea infrastructure for deep-water projects in India. The partnership is intended to utilize TechnipFMC's iEPCI model to improve efficiency and innovation in Cairn's deep-water exploration activities.

The partnership will apply combined front-end engineering and design (FEED) to drive optimal project performance by engaging early. This will entail using TechnipFMC's subsea production systems and its subsea umbilicals, risers, and flowlines expertise to enable the successful delivery of complex deep-water projects.

Cairn Oil & Gas CFO Hitesh Vaid highlighted the significance of the partnership, saying, "This partnership is a key move in achieving our deep-water ambitions. TechnipFMC's capabilities are an ideal fit for our ambitions, and together we will advance at the rate needed to deliver our ambitious plans."

Cairn retains more than 4,500km² of offshore deep-water acreage in the Krishna Godavari Basin with water depths of between 500m and 2,500m. The block has four discoveries of gas, 2,000km² of 3D seismic, and four undrilled targets, which offer five trillion cubic feet of resource potential.

The chairman and CEO of TechnipFMC, Doug Pferdehirt, stressed the strategic importance of the collaboration, "This partnership establishes the foundation for early involvement, in advance of subsequent deployment of our iEPCI integrated project execution model, enabling Cairn's deep-water development ambition at faster certainty."

Apart from this tie-up, Cairn just unveiled a Rs500bn ($5.7bn) investment in the oil and gas of Assam, with an emphasis on establishing exploration and production facilities and generating employment opportunities in the state.