Big news from Cairn India! This huge oil company wants to get much bigger. They plan to spend a whopping $5 billion to increase their oil production five times! That's a lot of money and a lot of oil.
They're looking for partners to help them explore and drill for oil. They want to build many new wells and will need lots of special equipment. This is a big project for India!
- Cairn India will invest $5 billion.
- They want to increase oil production by five times.
- They will need help from American companies.
- They are planning to drill many new deepwater wells.
| Fact | Number |
|---|---|
| Money to spend | $5 billion |
| Current oil production (barrels per day) | 100,000 |
| Target oil production (barrels per day) | 500,000 |
| New wells to be developed | 500-600 |
