Cairn Oil & Gas Deputy CEO Prachur Sah on Surging Oil

The transcript discusses India's heavy reliance on oil and gas imports and the inflationary pressures from rising oil prices. It outlines investment plans to boost domestic production, aiming to meet half of India's oil needs. The company is committed to becoming carbon neutral by 2050, with significant investments in technology and biodiversity. Recent discoveries in exploration are promising, but the exact impact is yet to be determined. The transcript also covers oil price projections, market dynamics, and potential mergers and acquisitions.

What percentage of crude oil does India import?

• 100%

• 87%

• 50%

• 30%

What is the planned investment amount in India's oil and gas sector over the next few years?

• $3-4 billion

• $5-6 billion

• $7-8 billion

• $1-2 billion

By what year does the company aim to become carbon neutral?

• 2030

• 2060

• 2040

• 2050

What environmental initiative is the company planning to undertake by 2030?

• Reduce water usage by 50%

• Increase solar energy usage by 30%

• Plant more than 20 million trees

• Eliminate plastic waste

What is the company's target for daily oil production?

• 250,000 barrels

• 500,000 barrels

• 750,000 barrels

• 100,000 barrels

What is a significant factor affecting oil prices according to the transcript?

• Overproduction

• Underinvestment in exploration

• Increased demand

• Technological advancements

What is the company's stance on mergers and acquisitions?

• They plan to merge with a competitor soon

• They are actively pursuing them

• They will consider if the right opportunity arises

• They are not interested