In 2016, Cairn had no production via operated or non-operated installations or fields. Consequently, product stewardship is not an issue at the end of 2016. However, 2017 sees the start of the culmination of our portfolio rebuild with the start-up of production of our non-operated assets Kraken and Catcher.
Although the primary focus of stewardship of product from these assets will remain with the operator, it is important to Cairn to ensure that any product over which we have an influence, share or may control is handled properly.
This means ensuring that high standards of management is maintained and transfer of product between floating production, storage and offloading (FPSO) units and customers is conducted using appropriate and well-managed standards. In addition, trading of product needs to be conducted transparently.
- We will support trading of non-operated asset production when it commences in 2017
- Maintain licence to operate
- Health, safety, environmental and security incidents
- Negative stakeholder reaction to our operations
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