E &
P Asset Transaction in India between Cairn &
ONGC
Cairn transferred 90% stake
along with operator ship to ONGC in KG-DWN-98/2
block in Deep water Krishna Godawari basin,
Eastern coast of India. The block has 4 discoveries
and significant exploration potential.
Cairn transferred 10% stake
to ONGC in the Lakshmi & Gauri Gas Field
in block CB-OS/2 Gulf of Cambay, Western India.
The block has 4 discoveries 3 Gas and
1 Oil Field are under production and the Oil
field is currently being evaluated.
ONGC transferred 30% stake to
Cairn in an on land Block in Ganga Valley basin.
ONGC transferred 30% stake
to Cairn in an on land Block in Cambay Basin.
