Vedanta seeks U.S. oil services consortium for new India blocks


Vedanta seeks U.S. oil services consortium for new India blocks

India’s Vedanta Resources (VDNRF.PK) wants U.S. oilfield services companies to set up consortia to help develop the 41 blocks in India acquired this year by its Cairn Oil & Gas unit, the company’s chairman said on Thursday.

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.

“They’re very encouraged by the 41 blocks and they’re looking to work together,” Agarwal said. Read More

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