Worldwide use of petroleum products stood at only more than 90 million barrels per day by the end of 2013, and was expected to increase to 91 million or more by the end of the year 2014. Petroleum businesses were constantly searching the planet for new oil reserves to satisfy with this voracious demand for fossil fuels. It was apparent that these oil reserves were mostly underwater; nevertheless, until the end of 2013, not many players had explored this chance because three quarters of the world was water.
Although reaching deep-water drilling sites – was combined with challenges- environmental, political, technological, etc. - offshore exploration was future of oil and gas sector. Because of its quite successful campaigns, Cairn India was ideally placed for offshore quest.
Should Cairn India Venture into Offshore Drilling a case study solution
PUBLICATION DATE: January 06, 2015 PRODUCT #: W14627-PDF-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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