The Year 2017 for Vedanta Cairn Oil and Gas
Mumbai, India: Vedanta delivered a strong set of results this year and took important steps towards achieving strategic objectives. Record production levels across several of businesses were met this year along with the confidence of continued successful ramp-ups across the worldclass assets. Also, the company moved toward streamlining its strategic approach to deliver better results in 2018

An important milestone for Vedanta this year was the completion of the merger of Vedanta Limited and Cairn India, and this simplified the group structure. This strategic restructuring is expected to support strong shareholder returns

There has been successful ramp up from Mangala EOR with production level of 56,000 boepd in Q4 at Vedanta Cairn Oil and Gas

Vedanta Cairn emerged as one of the biggest bidders for oil and gas blocks of future in 2017. This approach clearly emphasizes the company's vision to gradually increase its contribution to India's energy security

Vedanta Cairn also plans to invest $1 billion in five projects that the company plans to develop in near future. Vedanta Cairn is also looking at investing further in its Barmer fields and is also considering a technology partnership

Vedanta Cairn Oil & Gas strengthened its leadership team to drive its growth plan, excellence and innovation. The role of the following four seasoned leaders have been enhanced as they are entrusted with new targets and opportunities to drive Cairn to the next phase of growth and enable the company's vision to contribute 50% of India's crude oil & gas production. Mr. Sudhir Mathur, Mr. Suniti Bhat, Mr. Pankaj Kalra and Mr. Sharad R. Goenka take up the responsibility of CEO, COO, CFO and Chief Strategy & Policy Officer respectively.