Read More>> HOUSTON: India's Vedanta Resources wants U.S. oilfield servicesNSE 0.00 % companies to set up consortia to help develop the 41 blocks in India acquired this year by its Cairn Oil & Gas unit, the company's chairman said on Thursday.
VedantaNSE -0.33 % Chairman Anil Agarwal and Cairn Chief Executive Sudhir Mathur met with executives from 70 services companies this week in Houston to encourage the firms to organize consortia to compete for contracts, Agarwal said in a briefing.
"They're very encouraged by the 41 blocks and they're looking to work together," Agarwal said.
The company won 41 of the 55 blocks auctioned under India's first licensing round for small discovered fields earlier this year. It expects the blocks will eventually produce 500,000 barrels per day of oil equivalent, said Mathur.