Its initial operations were in the USA and, following its listing on the London Stock Exchangein 1988, it expanded into the UK North Sea and internationally (Papua New Guinea, Spain, Vietnam, China and Australia). The Company operates in North West Europe, North Atlantic, Mediterranean, and South Asia.
Cairn Energy PLC is an independent, UK-based oil and gas exploration and production company.
James Smith joined Cairn in March 2014 from Rothschild, where he was a director of the energy and power team with 15 years’ experience advising E&P companies, oil majors and national oil companies on their M&A transactions and equity and debt market financing.
Group 2P reserves increased by 86 mmboe to 142 mmboeWe are an innovative and enterpreneurial company and our people are at the heart of our success.We are committed to working responsibly, which means working in a safe, secure, environmentally and socially responsible manner.Cairn Energy’s Half Year results have been deferred to 29 September 2020 in light of the ongoing public health instructions regarding COVID-19. Cairn's discoveries offshore Senegal from the country's first deep water wells opened up a new basin on the Atlantic Margin. In early 1999, Cairn made the first Rajasthan discovery – Guda field, followed by Saraswati in 2001. Mangala was their biggest discovery in 2003, followed by Raageshwari, Bhagyam, Aishwariya, Kaameshwari and GR-F fields in Rajasthan. In 2003, Cairn acquired 100% of the exploration interest and took over as the operator of the block. Cairn acquired Conoco's UK onshore acreage in 1988 and became one of the largest operators of UK onshore oil producti…
Cairn Energy PLC is oil and gas exploration and development company.
The company was founded in 1981 by Sir Bill Gammell, the former international Rugby player, his father James (Jimmy), his brother Pete and others. Historically, Cairn focused on South Asia where it created significant value for shareholders and stakeholders, particularly through its discovery, development and production of oil in Rajasthan, India. Cairn is an experienced oil and gas explorer, developer and producer which has operated in a variety of locations around the world. Cairn's expansion started with a substantial (non-operated) gas discovery (East Cameron 331) Bangladesh near In 1996, Cairn farmed out a 25% interest in the Sangu field to In December 2010, Cairn agreed to sell a stake of 58.5% of The company sold an additional 3.5 per cent of its shares in its Cairn India for about US$360 million in June 2012.Cairn holds a balanced portfolio of exploration, development and production assets, with interests in the following countries; the UK, Israel, Mauritania, Senegal, Côte d'Ivoire, Mexico and Suriname. corporate - office: cairn oil & gas (vedanta limited) asf center tower a 362-363, jwala mill road, phase iv, udyog vihar, sector 18, gurugram, haryana 122016 “We’re proud of what Cairn achieved in Senegal; our discoveries were the country’s first deep-water wells opening up a new basin play on the Atlantic Margin and successfully laid the foundations for Senegal’s first oil and gas development, which will deliver enduring benefits.” Cairn CEO “With a strong balance sheet, low breakeven production and limited capital commitments, Cairn will have enhanced financial flexibility to invest in and grow the business whilst always remaining committed to returning excess cash to shareholders.” Following Completion, Cairn intends to return at least US$250m to shareholders.
Cairn operated three successful drilling programmes from 2014 to 2017 and laid the foundations for Senegal's first multi-phase oil and gas development with first oil targeted in H1 2023. CURRENT PRICE