The court stated that Cairn is now considering its legal position. However, it is likely that the outcome will result in the amount owing to the government of India exceeding the sum of $6.9m, which reflects the amount provided in Cairn's accounts to date.
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Cairn's Bonanza Will Cost A Pretty Penny
Edinburgh-based oil and gas exploration firm Cairn Energy probably may owe the Indian government more than...
Edinburgh-based oil and gas exploration firm Cairn Energy probably may owe the Indian government more than $6.9 million in a dispute over an Indian oilfield Rajasthan.
The court adjudged that the Indian government's share of the field?s production in certain previous fiscal years would increase, and that Cairn Energy would have to reimburse India for production.
The court stated that Cairn is now considering its legal position. However, it is likely that the outcome will result in the amount owing to the government of India exceeding the sum of $6.9m, which reflects the amount provided in Cairn's accounts to date.
The court stated that Cairn is now considering its legal position. However, it is likely that the outcome will result in the amount owing to the government of India exceeding the sum of $6.9m, which reflects the amount provided in Cairn's accounts to date.
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