Cairn Energy PLC has announced a farm-in as Operator to two licences offshore West of Ireland in the Porcupine Basin, which contains the undeveloped Spanish Point gas condensate and Burren oil discoveries, and six adjacent licensing option blocks. The acreage covers an area of 2,753km2 with more than 500km2 of 3D seismic and will provide [...]
Cairn announced it has secured a long term contract with Transocean for the “Cajun Express” drilling rig. The rig, which is on an initial one-year contract, will be used on Cairn’s planned multi-well frontier exploration programme in Senegal, Morocco and potentially other areas. Subject to obtaining the necessary approvals the rig will be mobilised to [...]
April 15, 2013 | Posted in
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Australia’s FAR Ltd has announced a farm in agreement for its three blocks offshore Senegal in West Africa to Cairn Energy PLC, a major UK listed oil and gas company. Pursuant to the farm in agreement, which is subject to Senegalese Government approval, Cairn will operate and carry FAR through an exploration well expected to be drilled in [...]
Following San Leon’s announcement of the farm-out agreement with Cairn Energy Plc on 28 August 2012, San Leon today announced that all parties have now received full Moroccan Authorities approval of the assignment of interest in the Foum Draa farm-out agreement. Cairn has now assumed operatorship of the Foum Draa block, offshore Morocco (“Foum Draa” or [...]
Serica Energy plc announces that Cairn, through its subsidiary Capricorn, will be joining Serica and its partners, in the exploration of the set of permits which comprise the Foum Draa Offshore area (“Foum Draa”) in Morocco. Serica, San Leon and Longreach (together the “Foum Draa Participants”) hold a combined 75% equity interest in Foum Draa [...]
PetroSA and Cairn India Group today signed a farm-in agreement for exploring for crude oil and natural gas in the offshore Block 1 in the Orange Basin on the west coast of South Africa. The closure of the transaction is subject to South African regulatory approvals. Block 1 covers a large area of 19,922km2 and [...]
Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company, has executed an agreement with Agora Oil & Gas AS which is 100% owned by Cairn Energy PLC (“Cairn”), for the farm-down of a 15% working interest in production licences PL497 and PL497B on the Norwegian Continental Shelf. After the transaction Bridge [...]
June 27, 2012 | Posted in
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Cairn and Nautical have reached agreement on the terms of a recommended cash offer to be made by Capricorn (a subsidiary of Cairn) for the entire issued and to be issued share capital of Nautical. Under the terms of the Offer, Nautical Shareholders will be entitled to receive 450 pence in cash for each Nautical [...]
Valiant Petroleum plc reports that the Tybalt appraisal well 211/8c-5 has now been drilled to a total depth of 13,212′ Measured Depth. The well penetrated a full Upper Magnus Sandstone Member (UMSM) section, comprising 844′ gross, with 316′ of net sand. 210′ of core was successfully recovered from this interval. Initial interpretation indicates that the [...]
Cairn Energy India Pty Ltd., the Operator of the Offshore Ravva block located off the east coast of India has announced that two of its platforms in the field need blasting and painting. The company has called experienced contractors to file their Expression Of Interests for the job that is expected to begin in November [...]
