With a tight supply outlook, Brent crude is above $83

Cairn Oil & Gas, a subsidiary of Vedanta Resources, reported a significant 19% increase in its oil and gas reserves, now totaling an impressive 1.4 billion barrels of oil equivalent. This notable growth underscores Cairn’s robust exploration and production capabilities, strengthening its leadership position in India’s energy sector.

The increase is attributed to successful exploration activities and effective reservoir management, which have optimized recovery rates. Cairn CEO Nick Walker emphasized that this achievement aligns with the company’s strategic objective.