Cairn operates an oilfield off India's east coast near the southern city of Madras and also has exploration interests off the west coast.
Despite success in India and Bangladesh, Gammell said it was unlikely Cairn would venture into potential blocks in neighboring Pakistan and Sri Lanka. "It's unlikely at the moment. Looking at our track record of nine discoveries out of 11 in India, we really have a competitive edge there," Gammell said. "The acreage we have in India is also huge, so we've got our hands full in our existing lots."
Pakistan and Sri Lanka have announced plans to offer stakes in blocks to foreign investors, with Pakistan expected to open bidding for nine oil and gas fields later in April. Sri Lanka, believed to possess oil and gas reserves in its western seas, was finalizing a policy document and a petroleum resources act.
Gammell said Cairn was also unlikely to explore in other parts of Asia. "Our core focus is India and Bangladesh and we're concentrating on that at the moment. There are no new target areas we're looking at," he said. Gammell said they had explored the possibility of going into China before but did not have the competitive edge to make the move feasible.
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