Cairn Oil & Gas, India’s largest private exploration and production company, has appointed former BP executive Martyn Smith as chief operating officer.
Smith has been part of the leadership in global companies including BP where he led as the global head of reservoir development, Cairn said in a statement on 27 December 2021.
He is joining Cairn at a promising time as the company seeks to double its capacities and contribute 50% to India’s domestic crude production.
Smith is joining Cairn with an extensive experience of 35 years in reservoir and petroleum engineering and subsurface geoscience disciplines. He has worked in diverse oil & gas portfolios across various technical, commercial and research roles in Europe, Asia, the Middle East, North America and Africa.
Speaking on the company’s new appointment, Prachur Sah, Deputy CEO, Cairn Oil & Gas, said, “we are delighted to appoint Martyn as our Chief Operating Officer. At Cairn, we are focusing heavily on hiring the best global talent across levels of our organisation. Martyn is joining us at an exciting time as we pace ahead with the next phase of growth. He will work closely with the SBUs, focus on driving production volumes and help realize the full potential of our assets – from existing fields as well as new acquisitions under successive OALP and DSF bids. Martyn’s global experience will add particular value to our goals of doubling production capacity and also recruiting the brightest minds in the industry to carve an efficient path to that end.”
Cairn Oil & Gas, a vertical of Vedanta Ltd., currently produces 170,000 barrels of oil equivalent per day and plans to invest an additional $5 billion over the next 2-3 years. The company seeks to expand oil production to almost 500,000 barrels a day to contribute to 50% of India’s domestic production.
Cairn Oil & Gas, Vedanta Ltd., is the largest private oil and gas exploration and production company in India, accounting for more than a quarter of India’s domestic crude oil production.