India, 19th January 2023: Vedanta’s Cairn Oil & Gas, India’s largest private oil and gas exploration and production company, has appointed Nick Walker as Chief Executive Officer, effective January 5, 2023.
Before this appointment, Mr. Walker was President and Chief Executive Officer at Lundin Energy, one of the leading European independent E&P companies. Having worked previously in companies like BP, Talisman Energy and Africa Oil, Nick has over 30 years of rich and diverse international experience in technical, commercial and executive leadership roles.
Announcing the appointment,Mr. Anil Agarwal, Chairman Vedanta Resources Limited said, “We welcome Nick as the CEO for Vedanta’s Cairn Oil & Gas business and look forward to him driving the company’s growth in years to come. Nick’s global experience and incredible track record in the energy sector will provide the right expertise as Cairn embarks on the next phase of growth and sustainability.”
Mr. Walker will be leading all aspects of Cairn’s strategy, including development of strategic alliances with global partners to fast-track business delivery. He will drive adoption and deployment of best-in-class oil and gas technologies and processes, with focus on innovation and digitalization, for business transformation.
Cairn Oil & Gas is committed to increasing India’s domestic crude oil and gas production with a vision to contribute 50% of India’s production and adding reserves and resources. As one of the fastest developing economies, India is seeking to achieve energy self-sufficiency through a marked reduction in oil imports which currently account for 85% of national consumption.