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Cairn plans to spend $150 million on 10 exploratory wells in Andhra Pradesh

Cairn India is going to take up exploratory and appraisal drilling of ten wells in Palar block at the coast in Nellore district Andhra Pradesh through investing an outlay of USD 150 million.

The proposal has been examined and given approval by an Expert Appraisal Committee (EAC) under the Ministry of Environment, Forests and Climate Change under Coastal Regulatory Zone (CRZ) perspective for drilling to Cairn India.

The project had been granted environmental clearance in 2011.

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