Despite so much of hype and trouble around the Cairn and Vedanta deal, the UK's oil explorer has said that it is confident the deal between the two will go through.

The deal will be when Cairn India will sell majority stake to Vedanta Resources. On Tuesday, it said that it has failed to find out oil in Greenland. The T8-1 well in Baffin Sea between Greenland and Canada, has very small traces of oil unlike what it had expected.

This has pushed down the shares of the company and brought in bad news for the investor. While many big international fishes in the oil business like Exxon Mobil and Chevron are trying hard to get the largest share in Greenland, Cairn is not very hopeful.

This, said the company, has increased the importance of its deal with Vedanta.

It said that they are hopeful that the Indian government will give the deal the necessary go through.

The trouble happened after the oil ministry said that for the asset bid companies like ONGC, GAIL and Oil India should also be given the chance to counter bid.