Cairn Oil & Gas Signs Contract With Baker Hughes

Cairn Oil & Gas, India’s largest private oil and gas exploration and production company, has signed a contract with Baker Hughes, an energy technology company, to harness geothermal energy from its repurposed oil and gas wells.

On successful execution, the contract will help Cairn Oil & Gas co-produce up to 2.4 MW of electricity along with oil and gas and offset 17,000 tons of greenhouse gas per annum.

This contract follows Cairn Oil & Gas’s recently announced ESG roadmap where it committed to becoming a net-zero company by 2050. 

Speaking on the development, Prachur Sah, Deputy CEO, Cairn Oil & Gas, said “At Cairn, we are firmly committed to fulfilling India’s domestic energy demand while also encouraging sustainability in practices. Our association with Baker Hughes brings the best of technology to contribute to India’s green energy basket. Across the world, there is a drive to promote geothermal energy production from dying oil fields and at Cairn, we are committed to bringing the best of global practices to India and aid our country’s journey towards energy aatmanirbharta.” 

Neeraj Sethi, Country Director- India & Bangladesh, Baker Hughes said “With Baker Hughes’ and Cairn Vedanta’s strong relationship, we are excited to work with Cairn on their journey towards net-zero by 2050. We will jointly conduct a feasibility study for re-purposing existing oil and gas wells drilled in high-temperature formations to generate geothermal energy. As India looks for cleaner and more sustainable energy sources, we are confident that Baker Hughes’ technology can play a significant role in supporting Cairn Oil & Gas to drive a more sustainable energy future.”