New Delhi, Feb. 13 -- Cairn Oil & Gas is looking for partnering with a global exploration and production company for its foray into deepwater and ultra-deepwater explorations, according to a top executive.

Reforms in the oil and gas sector including the Oil (Regulations and Development) Amendment Bill would bring in global investor interest into the segment, Hitesh Vaid, the chief financial officer (CFO) of the Vedanta group company, said in an interview.

"Our expertise has been on onshore as well as shallow water. [In] deepwater, we were not there. So, that's why we had planned and looked at a deepwater opportunity, a good opportunity where we are moving ahead, which will ensure that we have a learning curve," he said. "Now because of ...