Cairn Oil shortlists Lloyd's Register for developing OALP-1 blocks

Cairn is driving towards exploration in the new blocks and the short listing for integrated project management is a significant step in this direction

Cairn Oil & Gas, a vertical of Vedanta Limited, on Thursday said that Lloyd’s Register will manage its 41 blocks awarded under the Open Acreage License Policy I.
 

“Cairn Oil & Gas has shortlisted Lloyd’s Register for integrated project management of the 41 blocks it was awarded under Open Acreage License Policy I (OALP I),” the company said in a statement.
 

Cairn was awarded 41 of the 55 blocks under the government’s OALP I auction process, contracts for which were signed in October 2018.
 

The company said that the shortlisting of Lloyd’s Register was done after a rigorous bidding process