Vedanta seeks US oil services consortium for new India blocks
Updated : November 30, 2018 07:00 AM IST
Vedanta chairman Anil Agarwal and Cairn chief executive Sudhir Mathur met with executives from 70 services companies this week in Houston to encourage the firms to organise consortia to compete for contracts, Agarwal said in a briefing.
The company won 41 of the 55 blocks auctioned under India's first licensing round for small discovered fields earlier this year. It expects the blocks will eventually produce 500,000 barrels per day of oil equivalent.
Vedanta hopes to receive offers from companies including Schlumberger NV, Halliburton Co and General Electric's Baker Hughes by the first quarter of next year.