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

Morocco

Map of Moroccan assets

Field mutual indemnity

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

Capricorn Exploration and Development Company Limited

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 Exploration and Development Company Limited in relation to its operations in Morocco. 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 Exploration and Development Company Limited has established a mutual indemnity and hold harmless scheme in relation to its operations in Morocco (the "Field Indemnity Scheme").

The foundation document for the Field Indemnity Scheme is the Field Mutual Indemnity and Hold Harmless Deed. The first contractors have directly signed the Field Mutual Indemnity and Hold Harmless Deed.

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

Administrator

Capricorn Exploration and Development Company Limited has taken on the role of Administrator (as applicable) 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 Exploration and Development Company Limited's operations in Morocco (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, Pollution and Consequential Loss; and (ii) the Personnel, Property, Pollution 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 Exploration and Development Company Limited 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 Exploration and Development Company Limited 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 Exploration and Development Company Limited 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:

List of Signatories PDF 0.16MB

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

Administrator details

Administrator: Capricorn Exploration and Development Company Limited
(Company Number: SC426519)
Address:

50 Lothian Road
Edinburgh,
EH3 9BY

Operating through its
Moroccan registered branch
with its office at:

16, Cite Riad Al Andalousse,
559 FBIA 559510,
App. No.10,
Riad

Telephone: +44 131 475 3000
E-mail: Contact Findlay Muir