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0 0.000685342242782475 0.000685342242782475 0.00231303006939087 0.00231303006939087 0.000428338901739032 0.00749593078043348 0.00346954510408636
Stock impact report

Cairn Oil & Gas uncovers resources in Ambe-2A off India's west coast [Yahoo! Finance]

KKR & Co. Inc. (KKR) 
Last kkr & co. inc. earnings: 1/31 06:50 am Check Earnings Report
US:NYSE Investor Relations: ir.kkr.com
Company Research Source: Yahoo! Finance
The discovery is located in reservoirs below the main gas field within the Miocene-Tarkeshwar formation. It has been officially reported to the Indian Directorate General of Hydrocarbons and the Ministry of Petroleum and Natural Gas. The Ambe block, officially designated as CB-OSDSF-AMBE/2021, covers an area of 728.19km². Located nearly 35km off the coast of Gujarat, the concession was awarded to Cairn Oil & Gas during the DSF-III bidding round in September 2022. Cairn Oil & Gas holds a 100% participating interest in the block. The company expects the discovery to enhance domestic gas production capabilities, contributing notably to India's energy security objectives. It plans to drill two additional wells at the site as part of its ongoing exploration campaign. The company is currently evaluating the potential for developing the field further. Cairn Oil & Gas stated: “The field has the potential to enhance domestic gas production and advance the company's contribution to Ind Show less Read more
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