International

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

7

Licences across five countries

1

new Atlantic Margin licence in 2015

Greenland

Map of Greenlandic assets

Field mutual indemnity

The following information is relevant to contractors who are engaging in field operations offshore Greenland for Cairn.

Capricorn Greenland Exploration A/S
Field mutual indemnity and hold harmless deed

General Disclaimer

This page has been set up to provide information about the Field Mutual Indemnity and Hold Harmless Deed administered by Capricorn Greenland Exploration A/S in relation to its operations in Greenland. It should be noted that the information contained in this Web Site is general in nature and not intended to be comprehensive. Whilst every effort has been made to ensure that the information provided is accurate, the information does not constitute legal or other professional advice. Readers are advised to seek independent professional advice before acting on anything contained in this Web Site.

Field mutual indemnity and hold harmless deed overview

Field Indemnity Scheme

Capricorn Greenland Exploration A/S has established a mutual indemnity and hold harmless scheme in relation to its operations in Greenland (the "Field Indemnity Scheme").

The foundation document for the Field Indemnity Scheme is the Field Mutual Indemnity and Hold Harmless Deed. The first two contractors have directly signed the Field Mutual Indemnity and Hold Harmless Deed, a copy of which can be viewed here.

All other contractors are now able to join the Field Indemnity Scheme by signing a Deed of Adherence (a specimen copy of which can be viewed here), which has the effect of making them Signatories to the Field Mutual Indemnity and Hold Harmless Deed.

Administrator

Capricorn Greenland Exploration A/S is has taken on the role of Administrator of the Field Indemnity Scheme.

Who and for how long?

The Field Indemnity Scheme is only entered into between contractors. It is a scheme that Signatories enter into once only and for the duration of Capricorn Greenland Exploration A/S operations in Greenland (although there are limited rights of withdrawal and termination).

What it means to be a Signatory

By becoming a Signatory to the Field Mutual Indemnity and Hold Harmless Deed, the Signatories agree to apportion liability between themselves and their respective Groups so that each Signatory is responsible for: (i) its own Personnel, Property and Consequential Loss; and (ii) the Personnel, Property and Consequential Loss of each member of its own Group.

Benefit

The Field Indemnity Scheme addresses the contractual gap that exists between contractors and their respective Groups as a result of the traditional offshore oil and gas industry contracting strategy whereby unless the Operator provides otherwise, or contractors make specific arrangements on a case by case basis, such contractors and their respective Groups may be "third parties" to each other if there is no contractual arrangement between them.

In addition, the Field Indemnity Scheme provides the following benefits:

  1. provides clarity in allocation of the key areas of risk;
  2. reduces time and confrontation negotiating contractual responsibility and indemnity matters;
  3. has the potential for reduced insurance premiums; and
  4. has the potential for reduced instances of dispute and costly litigation.

Administrator Disclaimer

By using this Web Site, readers agree that Capricorn Greenland Exploration A/S shall have no liability in respect of any performance, mis-performance or non-performance of its function as Administrator of the Field Mutual Indemnity and Hold Harmless Deed, whether in the provision of the Administration Service or as attorney under the Field Mutual Indemnity and Hold Harmless Deed.

Capricorn Greenland Exploration A/S cannot guarantee that all persons which have executed the Field Mutual Indemnity and Hold Harmless Deed or the Deed of Adherence are listed on the Web Site at any given time, or that the list published by Capricorn Greenland Exploration A/S on this Web Site is complete and accurate.

Field mutual indemnity and hold harmless deed and associated documents

Signatories

For the details of current Signatories uploaded to the Web Site please click below:

Please contact the Administrator to request any changes to your company details.

Administrator details

Administrator: Capricorn Greenland Exploration A/S
(a company incorporated under the laws of Greenland with company number AS520521)
Address:

Imaneq 33, 5
P.O. Box 1718
3900
Nuuk
Greenland

Telephone: +299 342 860
E-mail: Contact Duncan Holland