Cairn's interests in Bangladesh acquired by Santos
Santos acquires all of Cairn's assets in Bangladesh, including its interest in the Sangu gas field and Block 16 exploration acreage.
Farm out of 50% interest in Cairn's Bangladesh assets to Santos
Cairn acquires Shell's 37.5% stake in the Sangu gas field and assumes operatorship. A 45% operated interest in Exploration Blocks 5 and 10 in Bangladesh also acquired
Shell/Cairn drill South Sangu-1 gas discovery
Transfers operatorship of Bangladesh interests to Shell
Cairn/Shell alliance is awarded Block 10, Bangladesh 2nd licensing round
First gas from Sangu
First gas produced from the fast-track Sangu field development, 19 months from the initial discovery.
Cairn/Shell joint venture is awarded Block 5 Bangladesh second licensing round
Bangladesh transaction with Shell
In July, Cairn and Shell sign an operational alliance over the whole of Bangladesh and parts of India – including the Rajasthan block interest.
Discovers Sangu gas field in the Bay of Bengal
Cairn discovers gas in the Sangu-1 well, Block 16 – the first gas field offshore Bangladesh.
Acquires 2,500km 2D seismic data Block 16 offshore Bangladesh
Signs a Production Sharing Contract (PSC) for Block 15, onshore Bangladesh
Acquires HSSH – an Amsterdam listed company
Cairn acquires a 45% interest in Holland Sea Search N.V (later increased to 100%). HSSH interests are in the Netherlands, Bangladesh, PNG, Australia and Russia via the SOCOPerm Joint Venture. The CEO of HSSH, Dr Mike Watts, joins Cairn.
Production Sharing Contract (PSC) signed for Block 16 offshore Bangladesh
Joint Venture with Holland Sea Search (HSSH)
HSSH interests are in the Netherlands, Bangladesh, PNG, Australia and Russia via the SOCOPerm Joint Venture. HSSH works with its major shareholder Command Petroleum to review and help secure an early entry position in India, including the Ravva oil field and exploration acreage, as well as Yemen.