Billionaire-Backed Explorer to Revive Oil Hunt

Billionaire-Backed Explorer to Revive Oil Hunt

Cairn Energy via Bloomberg

A worker is seen working at Cairn Energy Plc's Mangala processing terminal in Rajasthan, India. Billionaire Anil Agarwal acquired Cairn India from Edinburgh, Scotland-based Cairn Energy Plc and other investors in 2011 for $8.67 billion to diversify into energy and tap Indian demand.