News

Cairn receives Government approval as Operator for Irish drilling programme

9 July, 2013

The Minister of State at the Department of Communications, Energy and Natural Resources (DCENR) has approved Cairn’s farm-in as Operator with a 38% working interest (WI) in two exploration licences (FEL 2/04 and FEL 4/08) and one licensing option covering 2,753 km2 in the Porcupine Basin offshore West of Ireland. 

Cairn has also today entered into a contract to secure a drilling rig for the planned Spanish Point appraisal well in licence FEL 2/04. 

Cairn and its Joint Venture (JV) partners: Chrysaor (26% WI), Providence Resources (32% WI) and SOSINA Exploration Ltd (SOSINA) (4% WI), will use the “Blackford Dolphin” which is an enhanced Aker H3 deep-water semi submersible drilling rig.

Subject to obtaining the necessary approvals the rig which underwent a $400 million deepwater upgrade in 2006 will be mobilised to begin operations on this well in Q2 2014.

 

Enquiries:

Analysts/Investors    
David Nisbet Corporate Affairs 0131 475 3000
Media    
Patrick Handley Brunswick Group LLP 0207 404 5959
David Litterick Brunswick Group LLP 0207 404 5959

 

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