International

Cairn's portfolio also contains interests in Africa and the Mediterranean including Malta, Morocco and the Republic of Ireland.

3D

Seismic acquisition offshore Western Sahara, 2017

3

Licences acquired offshore Republic of Ireland, 2016

Republic of Ireland

Map of Irish assets

Summary of interest

FEL 2/04

  • Cairn 38% WI, Operator, Providence 58% WI, Sosina 4% WI

FEL 4/08

  • Cairn 38% WI, Operator, Providence 58% WI, Sosina 4% WI

LO 16/18

  • Cairn 100% WI, Operator

LO 16/19

  • Cairn 70% WI, Operator, Europa Oil & Gas
    *Subject to approval of the Government of Ireland 

FEL 2/14

  • Cairn 30%, Providence 56% WI and Operator, Sosina 14%
    *Subject to approval of the Government of Ireland

In July 2013, Cairn farmed-in as operator to three licences offshore West of Ireland in the Porcupine Basin, which contains the undeveloped Spanish Point gas condensate and Burren oil discoveries. The acreage covers an area of 2,753km².

A 900km3D seismic survey was completed in Q3 2014 on acreage adjacent to the Spanish Point discovery on Frontier Exploration Licence (FEL) 1/14.

In 2016 Cairn farmed-in to LO 16/19 with 70% WI and Operatorship with Europa Oil & Gas with plans for 3D seismic in 2017 (subject to approval of the Government of Ireland). In 2016 Cairn was also awarded adjacent LO 16/18 in the Atlantic Licensing Round. The acquisition of 3D seismic is planned to be acquired over both licence option blocks in 2017 and processed in 2018. Cairn also agreed a farm-in to FEL 2/14 in the Southern Porcupine Basin with partners Providence Resources Plc (Providence) and Sosina (subject to approval of the Government of Ireland). An exploration well will be drilled in 2017. The 53/6-A well is planned to spud in June 2017, subject to the necessary regulatory consents, using the Stena IceMAX drill ship targeting both large stratigraphic traps, Druid and the deeper independent Drombeg target. This will result in the planned well, in 2,200m water depth, being deepened from ~3,900m to ~5,200m.

A planned appraisal/exploration well on FEL 2/04 is deferred, pending further discussions with partners and the Government of the Republic of Ireland.