Exploration and appraisal continues
Oil discoveries offshore Senegal
Mauritania frontier exploration acreage farm-in
Cairn has farmed-in as non-operator to one block offshore Mauritania.
Senegal frontier exploration acreage farm-in
Cairn has farmed-in as operator to three blocks offshore Senegal.
Frontier exploration position developed offshore Republic of Ireland
Cairn has farmed-in as operator to two licences offshore West of Ireland.
Frontier exploration position built in Morocco
Acquisition of Nautical Petroleum
Nautical was an independent oil and gas exploration and production company. It had development assets in the United Kingdom North Sea (including interests in the Catcher, Kraken and Mariner fields) and exploration assets in the United Kingdom, Ireland and France.
Acquisition of Agora Oil & Gas AS
Agora was a private Norwegian company with non-operated, exploration, appraisal and developmental assets in the UK and Norwegian North Sea.
Part sale of shareholding in Cairn India to Vedanta Resources plc completed
Cairn retains an approximate 22 per cent shareholding in Cairn India.
Production via the pipeline from the Mangala field in Rajasthan starts
The Cairn constructed ~600km heated pipeline carries crude from the Mangala Processing Terminal in Rajasthan to Salaya. The Gujarat pipeline is the longest of its type in the world today. Production from the Mangala field is now 140,000 bopd.
Proposed part sale of Cairn India to Vedanta Resources plc
Cairn announces the proposed part sale of up to 51% of its shareholding in Cairn India to Vedanta.
Start of multi-well and multi-year exploration programme offshore Greenland
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.
20 years of Cairn Energy PLC
Cairn India listed on BSE and NSE
IPO of Cairn India Ltd on the Bombay Stock Exchange raises $1.98billion. Cairn Energy PLC retains a 69% holding. At the time, this was the largest IPO in Indian corporate history.
Acquisition of MedOil plc and Plectrum plc
The acquisition brings operatorship of three highly prospective blocks, the Joni-5 block offshore Albania, the Louza and Nabeul blocks offshore Tunisia and a number of less-mature assets.
Major discovery of the Mangala field followed by the Aishwariya and Bhagyam fields
Exploration drilling programme in Block RJ-ON-90/1 leads to the discovery of the Mangala, Aishwariya, Bhagyam, Shakti, Vijaya and Vandana oil fields. Mangala is the largest oil discovery in India for over 20 years.
Gauri field in the Cambay Basin commences gas production
Exploration drilling programme on block RJ-ON-90/1, India leads to discovery of the Raageshwari oil and gas field.
First gas from Lakshmi
Completes development of the offshore Lakshmi gas field, 29 months after discovery; production started in November at 90mmscfd.
Cairn discovers the Saraswati field in the Rajasthan block RJ-ON-90/1.
First Rajasthan discovery
Cairn and Shell discover Guda.
First gas from Sangu
First gas produced from the fast-track Sangu field development, 19 months from the initial discovery.
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 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
Ravva field development commenced leading to significant oil production
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.
Cairn Energy PLC listed on London Stock Exchange
Cairn acquires all Conoco's onshore UK interests and gains listing on the London Stock Exchange, with a market capitalisation of £25 million.