New Delhi, 27 December 2021: Cairn Oil & Gas, India’s largest private exploration and production company, has appointed Martyn Smith, a seasoned oil & gas global leader, as Chief Operating Officer. Smith is joining Cairn with an extensive experience of 35 years in reservoir & petroleum engineering and subsurface geoscience disciplines.
Smith has been part of the leadership in global companies including British Petroleum where he led as the Global Head of Reservoir Development. 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. 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. He holds a Bachelor of Science (Hons) in Geophysics from Cardiff University and has done his MBA from Henley Management College, UK.
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 andalso recruiting the brightest minds in the industry to carve an efficient path to that end.”
Speaking on his appointment, Martyn Smith, Chief Operating Officer, Cairn Oil & Gas, said, “Cairn Oil & Gashas made rich gains from successive OALP auctions and is now poised to realise its vision of doubling production capacities. Today, Cairn hosts great potential, unmatched across the globe. With fresh investments and global technology tie-ups, the company is determined to augment capacities and secure energy autonomy for India. My goals here at Cairn will be to drive innovation, introduce new ideas and ease the adoption of modern-age digital technology for faster growth. I am thoroughly excited to join the company at this cusp of growth and work in India – as an oil & gas professional, this is an opportunity I am looking forward to.”
Cairn Oil & Gas, a vertical of Vedanta Ltd., currently produces 170,000 barrels of oil equivalent per day and plans to invest an additional USD 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 and aid the country’s journey towards energy aatmanirbharta.