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Cairn Energy PLC (CNE.L)

CNE.L on London Stock Exchange

145.70GBp
14 Jun 2019
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Latest Key Developments (Source: Significant Developments)

Blackrock Discloses 10.42% Stake In Cairn Energy PLC - Filing
Wednesday, 15 May 2019 

May 15 (Reuters) - Cairn Energy PLC ::BLACKROCK DISCLOSES 10.42% STAKE IN CAIRN ENERGY PLC - FILING.  Full Article

Cairn Energy Sees FY Net Production Of 19,000-22,000 Boepd
Tuesday, 22 Jan 2019 

Jan 22 (Reuters) - Cairn Energy PLC ::CAIRN ENTERS 2019 WITH BALANCE SHEET STRENGTH AND CASH FLOW FROM NORTH SEA PRODUCTION TO FUND SIGNIFICANT GROWTH OPPORTUNITIES.WE ALSO EXPECT A FINAL INTERNATIONAL ARBITRATION DECISION ON OUR INDIA CLAIM IN NEAR TERM AND WE REMAIN CONFIDENT OF OUR POSITION.COMBINED PRODUCTION NET TO CAIRN FROM CATCHER AND KRAKEN FIELDS IN 2018 AVERAGED 17,500 BOEPD.FULL YEAR PRODUCTION, NET TO CAIRN, FOR 2019 IS ESTIMATED TO BE 19,000 TO 22,000 BOEPD.GROUP CASH AT YEAR END WAS US$66M.  Full Article

Cairn Energy's Jackie Sheppard To Retire As A Non-Executive Director
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Cairn Energy PLC ::DIRECTORATE CHANGE.THAT JACKIE SHEPPARD WILL RETIRE AS A NON-EXECUTIVE DIRECTOR OF COMPANY WITH EFFECT FROM 31 DECEMBER 2018.  Full Article

Cairn Energy Provides Update On SNE Development In Senegal
Monday, 17 Dec 2018 

Dec 17 (Reuters) - Cairn Energy PLC ::SENEGAL UPDATE.DISCLOSES ANNOUNCEMENT BY WOODSIDE ENERGY WITH REGARDS TO SNE DEVELOPMENT IN SENEGAL IN WHICH CAIRN HAS A 40% WORKING INTEREST.WOODSIDE ADVISES RUFISQUE OFFSHORE, SANGOMAR OFFSHORE, SANGOMAR DEEP OFFSHORE JV AGREED TO COMMENCE FEED ACTIVITIES.  Full Article

Cairn Energy Announces Oil Discovery In UK North Sea
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Cairn Energy PLC ::UK NORWAY UPDATE - DISCOVERY AND FARM OUT.OIL DISCOVERY ON 9/14A-17B WELL AND ASSOCIATED SIDE-TRACK ON AGAR-PLANTAIN PROSPECT IN UK NORTH SEA.FARM OUT AGREEMENT FOR A 40% NON-OPERATED INTEREST OF CHIMERA PROSPECT IN UK NORTH SEA.COMMITMENT EXPLORATION WELL IN UK NORTH SEA TARGETING EKLAND PROSPECT FAILED TO ENCOUNTER COMMERCIAL HYDROCARBONS.NEXT WELL IN CAIRN'S EXPLORATION PROGRAMME WILL BE PRESTO (FORMERLY STJERNESKUDD) ON PL885 IN NORWEGIAN NORTH SEA.OPERATOR ESTIMATES AGAR-PLANTAIN DISCOVERY HOLDS RECOVERABLE RESOURCES OF 15 - 50 MILLION BARRELS OF OIL EQUIVALENT.  Full Article

Faroe Petroleum says sees 15 to 50 mln boe in Agar
Wednesday, 14 Nov 2018 

Nov 15 (Reuters) - Faroe Petroleum PLC ::FAROE PETROLEUM SAYS HAD SUCCESSFUL RESULT WITH THE AGAR/PLANTAIN EXPLORATION AND APPRAISAL WELL IN LICENCE P1763 (FAROE 25 PCT OF AGAR/PLANTAIN, 12.5 PCT OF THE WIDER LICENCE).FAROE PETROLEUM SAYS RECOVERABLE RESOURCES IN AGAR ESTIMATED BETWEEN 15 AND 50 MLN BOE (BETWEEN 3.8 AND 12.5 MLN BOE NET TO FAROE).FAROE PETROLEUM SAYS FURTHER EVALUATION OF DEVELOPMENT OPTIONS TO ESTABLISH COMMERCIALITY WILL BE UNDERTAKEN IN COMING MONTHS.AZINOR CATALYST SAYS BELIEVES THE AGAR-PLANTAIN DISCOVERY HOLDS RECOVERABLE RESOURCES OF BETWEEN 15 AND 50 MILLION BARRELS OF OIL EQUIVALENT.  Full Article

Cairn Energy Says Planning To Drill 4 Wells In 2019-2020 In Mexico
Tuesday, 15 May 2018 

May 15 (Reuters) - Cairn Energy PLC ::TENDERS FOR FPSO AND SUBSEA INFRASTRUCTURE WERE ISSUED IN Q1 AND RESPONSES ARE EXPECTED TO BE RECEIVED BY END OF MAY.TARGETING SUBMISSION OF EVALUATION REPORT TO GOVERNMENT OF SENEGAL BY END OF Q2.EXPECT TO PASS SEVERAL KEY MILESTONES IN SENEGAL LATER THIS YEAR.PLANNING TO DRILL FOUR WELLS IN 2019-2020 IN MEXICO WHERE WE HAVE ACQUIRED NEW LICENCES.EVALUATING AND ACTIVELY EXAMINING FURTHER EXPLORATION ACTIVITIES TO EXTEND OUR PORTFOLIO, INCLUDING IRELAND AND NOW SURINAME.  Full Article

Cairn Energy Sees FY 2018 Production To Be 17,000 Bopd To 20,000 Bopd​
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Cairn Energy Plc ::FY PRODUCTION, NET TO CAIRN, FOR 2018 ESTIMATED TO BE 17,000 TO 20,000 BOPD WITH PLATEAU PRODUCTION FROM CATCHER AND KRAKEN ACHIEVED BY MID-YEAR​.GROUP NET CASH AT 31 DECEMBER 2017 WAS $56 MILLION.KRAKEN PRODUCTION TO REACH 50,000 BOPD GROSS DURING H1 2018; GROSS PROJECT CAPEX EXPECTED BE 25% LESS THAN ORIGINAL SANCTIONED PROJECT COST​.RESERVES BASED LENDING BANK FACILITY WAS UNDRAWN AT YEAR END WITH EXPECTED PEAK AVAILABILITY OF $350-400 MILLION.ANTICIPATE START OF EXPLORATION DRILLING IN 2019​ IN ‍BLOCKS OFFSHORE MEXICO.FORECAST KRAKEN AND CATCHER DEVELOPMENT EXPENDITURE FOR 2018 IS $125 MILLION.  Full Article

BW Offshore ‍says oil production started at Premier's Catcher field
Saturday, 23 Dec 2017 

Dec 23 (Reuters) - Bw Offshore Ltd ::‍FIRST OIL FROM CATCHER FPSO WAS SAFELY ACHIEVED ON 23 DECEMBER​.‍CATCHER DEVELOPMENT PROJECT IS NEARING COMPLETION ON TIME AND WELL WITHIN BUDGET​.‍BW CATCHER IS OWNED AND OPERATED BY BW OFFSHORE AND WILL COMMENCE A SEVEN-YEAR FIXED TERM CONTRACT, WITH EXTENSION OPTIONS OF UP TO 18 YEARS​.‍CATCHER FIELD PARTNERSHIP IS MADE UP OF PREMIER OIL (50%), CAIRN ENERGY (20%), MOL GROUP (20%) AND DYAS (10%)​.‍UNIT HAS AN OIL STORAGE CAPACITY OF 650,000 BARRELS AND A PROCESSING CAPACITY OF UP TO 60,000 BARRELS PER DAY. FPSO HAS A DESIGN LIFE OF 20 YEARS OF UNINTERRUPTED OPERATIONS​.  Full Article

Cairn Energy provides update on India tax dispute
Wednesday, 20 Sep 2017 

Sept 20 (Reuters) - CAIRN ENERGY PLC ::PROVIDES PROCEDURAL UPDATE ON ITS DISPUTE WITH GOVERNMENT OF INDIA UNDER UK INDIA BILATERAL INVESTMENT TREATY.ARBITRATION PROCEEDINGS ARE WELL ADVANCED, TRIBUNAL AND PARTIES HAVE AGREED PROCESS AND TIMETABLE FOR FINALISING DOCUMENT PRODUCTION, SUBMISSIONS AND HEARINGS.TRIBUNAL STATED THAT IT EXPECTS PARTIES TO STRICTLY ADHERE TO DEADLINES SET OUT IN AMENDED PROCEDURAL CALENDAR.TRIBUNAL EXPECTS THAT IT WILL MAKE APPROPRIATE ARRANGEMENTS TO PROGRESS WITH DRAFTING OF AWARD AS EXPEDITIOUSLY AS POSSIBLE..  Full Article

UPDATE 1-EnQuest sees debt reduction on track, reaffirms output guidance

LONDON, May 23 British North Sea-focused oil producer EnQuest had reduced its net debt to $1.724 billion by the end of April from $1.774 billion at the end of 2018, it said on Thursday, also reaffirming its output guidance.