Edition:
United Kingdom

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.