Corporate and Finance. The JV is working to appraise the discovery and to exploit nearby synergies in order to assess the potential for commercial development. Analysts / InvestorsDavid Nisbet, Corporate AffairsTel: 0131 475 3000, MediaLinda Bain, Corporate AffairsCairn Energy PLCTel: 0131 475 3000, Patrick Handley, David LitterickBrunswick Group LLPTel: 0207 404 5959. Cairn Energy is a United Kingdom-based independent oil and gas exploration and development company. CAIRN ENERGY PLC ('Cairn') Oil discovery offshore Mexico. Area 7 The joint venture of Eni Mexico, Capricorn Energy (a Cairn Energy subsidiary), and Mexican independent Citla Energy have been declared the winners of Area 7 with a bid of state participation of 75%, an additional investment factor of 1.5%, and an economic proposal of 84.825%. Offshore staff. The licences, one operated and one non-operated, are located in the highly prolific yet under-explored Sureste basin. Cairn Energy plc is one of Europe's leading independent oil and gas exploration and development companies and is listed on the London Stock Exchange.Cairn has discovered and developed oil and gas reserves in a variety of locations around the world. Capricorn Energy Mexico is a wholly owned subsidiary of Cairn Energy PLC. In 2017 we extended our reach along the Atlantic Margin by securing acreage in Mexico. Cairn contributed ~24% to India's domestic crude oil production in financial year 2019-20 and has a vision to produce 50% of India’s oil and gas. 03/10: CAIRN ENERGY: Preliminary Results Presentation: PU. The signature process of the revised Production Sharing Contracts to reflect the change in the JV working interest is ongoing. CAIRN ENERGY: Mexico Drilling Update: PU. Cairn completed its 2020 drilling programme in Mexico in Q1 with an oil discovery on the non-operated Saasken-1 exploration well in Block 10. Côte d’Ivoire. Board. Regulatory News Articles for Cairn Energy Plc Ord 231/169P For the key information on our Mexico operations in Spanish, please see below: four blocks in the Gulf of Mexico, two as operator (Blocks 9 and 15) and two as non-operator (Blocks 7 and 10). Cairn Energy PLC is an independent, UK-based oil and gas exploration and production company. Investors. 03/11: CAIRN ENERGY: download Transcript: PU. Eni S.P.A. €14.90 19:48 22/03/17 -0.17%-€0.03. Cairn has a 15% working interest in the prospect which lies 65km off the coast. Exploration and development firm Cairn Energy has made a new oil discovery on the Saasken prospect, located in the Sureste Basin, offshore Mexico. Offshore staff. The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene targets. Suriname. The discovery is opening a potential commercial outcome of Block 10 since several other prospects located nearby may be clustered in a synergic development. Eni is also planning an important exploration campaign in the other licenses held in Mexico. 03/10 : CAIRN ENERGY: Full Year Results 2019: PU. Disappointment for Eni and Cairn off Mexico. Cairn also revealed today that its Alom-1 exploration well offshore Mexico was dry and would be permanently plugged and abandoned. Scottish operator Cairn Energy has continued its drive for profit with positive full year results for 2019. Operations have been abandoned on a Mexican oil prospect in which Edinburgh-based Cairn Energy has a 30 per cent interest. Cairn shares soar on $1.2bn Indian tax ruling. Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico. Investors. The licences (one operated and one non-operated, covering ~1,100km2) are located in the Gulf of Mexico in the shallow water Sureste basin in water depths of 100-500metres and ~50km offshore: Operations are ongoing at the Cairn (50% WI)* operated Bitol-1 well in Block 9. The FTSE 250 … Advertise Here. The activity is ensured Senegal's Atlantic Coast, in the North Sea (the United Kingdom and Norway), in the West coast of Ireland, Mauritania, Ivory Coast, Mexico and Suriname. To compare Cairn Mexico to what happened to Tullow Guyana makes no sense. Mexico. Press Office: Tel. Cairn secured two new licences in the Mexico offshore bid round in H1 2017. Financial highlights. Mexico is a core country in Eni’s strategy of future organic growth. Cairn Energy has a primary listing on the London Stock Exchange and is a constituent of the FTSE 250 Index. The leading global oil, gas and energy news resource. Operations have been abandoned on a Mexican oil prospect in which Edinburgh-based Cairn Energy has a 30 per cent interest. Our story. When these operations are complete, the Ensco 8505 rig will drill the ENI operated Ehecatl-1 well in Block 7 (Cairn … The company is currently producing approximately 15,000 barrels of oil equivalent per day (boed) from Area 1 and expects to reach a plateau of 100,000 boed in the first half of 2021. Italy’s Eni and Scottish firm Cairn Energy have reported disappointment offshore Mexico after an exploration well came up dry. Cairn anticipates exploration drilling to commence in 2019 on both blocks. Cairn Energy PLC specializes in the exploration and production of oil and gas. The enclosed announcement has been reported by Eni regarding an oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, Offshore Mexico in which Cairn (through wholly owned subsidiary Capricorn Energy Mexico) has a 15% working interest (WI)*. If Mexico proves to be a complete dud I'd be surprised if we see any significant drop in the SP, it's just a gamble and the market knows it. 03/10: Main … Cairn Energy says Mexico well abandoned . Chat Pages: 636 635 634 633 632 631 630 629 628 627 626 625 Older. Offshore staff. Cairn will operate Area 9 … CAIRN ENERGY PLC ("Cairn") Mexico Drilling Update Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Cairn has a 30% working interest through wholly owned subsidiary Capricorn Energy Mexico. Offshore staff. CAIRN Energy has received another boost to its exploration credentials after making what may be a significant find off Mexico with partners. CAIRN ENERGY PLC ("Cairn") Mexico Drilling Update . The oil company in January said it would drill three wells offshore Mexico as this year, two as the operator. CAIRN ENERGY PLC ("Cairn") Mexico Drilling Update Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Cairn has a 30% working interest through wholly owned subsidiary Capricorn Energy Mexico. Date Subject Author Discuss; 06/8/2020 07:34: I think that is what has always been supposed, i.e. CAIRN ENERGY PLC ("Cairn") Mexico Drilling Update Cairn has completed the first well in its drilling programme offshore Mexico. Cairn Energy plc is one of Europe's leading independent oil and gas exploration and development companies and is listed on the London Stock Exchange.Cairn has discovered and developed oil and gas reserves in a variety of locations around the world. Area 7 is 591sq km at 150-520m water depth, consisting of light oil. Offshore staff. Cairn Energy makes new oil discovery in Mexico's Sureste Basin . It is located approximately 65 kilometers off the coast, and was drilled by the Valaris 8505 Semisub in a water depth of 340 meters and reached a total depth of 3,830 meters. Cairn Energy PLC has announced that the ENI operated Ehecatl-1 exploration well, offshore Mexico, was unsuccessful. In second place, the JV of Repsol, … Cairn Energy Regulatory News. Edinburgh-based Cairn told investors yesterday that drilling on the last of four wells it has been exploring with Italian oil giant Eni has completed without hydrocarbons being found.. CAIRN ENERGY PLC ("Cairn") Mexico Drilling Update . The reservoirs show excellent petrophysical properties. EDINBURGH, UK – Cairn Energy expects to drill four wells during 2019-2020 on its licenses offshore Mexico.. Investment case. Cairn has completed the first well in its drilling programme offshore Mexico. The company has explored, discovered, developed and produced oil and gas in a variety of locations throughout the world and it has extensive experience as operator and partner in all stages of the oil and gas life cycle. Shares in oil explorer Cairn Energy today said a decision over its long-running $1.4 billion (£1.09bn) tax claim against the Indian government is now unlikely to be made until next summer.. Mexico. The Block 10 Joint Venture, composed by Eni (operator with a 65% stake), Lukoil (20%) and Capricorn (15%), will work to appraise the discovery and to exploit nearby synergies in order to start the studies for a commercial development. Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico. Follow. Cairn completed its 2020 drilling programme in Mexico in Q1 with an oil discovery on the non-operated Saasken-1 exploration well in Block 10. Since then we have actively expanded our position in-country, and have working interests in four blocks in the Gulf of Mexico, two as operator (Blocks 9 and 15) and two as non-operator (Blocks 7 and 10). Saasken-1 discovered 80 meters of net pay of good quality oil in the Lower Pliocene and Upper Miocene sequences. by Allister Thomas. The enclosed announcement has been reported by Eni regarding an oil discovery on the Saasken Exploration Prospect in Block 10, located in the mid-deep water of the Cuenca Salina in the Sureste Basin, Offshore Mexico in which Cairn (through wholly owned subsidiary Capricorn Energy Mexico) has a 15% working interest (WI)*. Oil company Cairn Energy has hired a Maersk Drilling semi-submersible drilling rig for its drilling program offshore Mexico. The activity is ensured Senegal's Atlantic Coast, in the North Sea (the United Kingdom and Norway), in the West coast of Ireland, Mauritania, Ivory Coast, Mexico and Suriname. NOTE TO EDITORS: The National Hydrocarbon Commission (CNH) approved the 15% share of Capricorn in Block 10 (contract CNH-R02-L01-A10.CS/2017). Shares in Scottish oil explorer Cairn Energy jumped today after one of its partners announced an oil discovery in Mexico. Cairn Energy PLC specializes in the exploration and production of oil and gas. Operations. Cairn Energy Plugs First Mexico Well, Expects Dispute Outcome In 2020. Italy’s Eni and Scottish firm Cairn Energy have reported disappointment offshore Mexico after an exploration well came up dry. Cairn Energy PLC’s legacy in India. Ethics, anti-bribery and corruption, and transparency, Climate change policy and energy transition, Resource use, emissions, discharges, waste and sound. Cairn Energy plc (LON:CNE) have announced today that operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in Cairn Energy Mexico Operations complete at Ehecatl-1 exploration well Shares in Cairn Energy slumped more than 10 per cent this morning after the oil company revealed that it was abandoning a well in Mexico. In Mexico, drilling is ongoing on Cairn’s operated Bitol-1 well (50% WI5) in Block 9 and on the ENI operated Saasken-1 exploration well (Cairn 15% WI5) in Block 10 in the Sureste Basin. Post. Cairn Energy is an independent, United Kingdom-based oil and gas exploration, development and production company. EDINBURGH, UK – Cairn Energy’s second operated well offshore Mexico was a dry hole, the company revealed in its latest operational review.. +39 02 52031875 – +39 06 59822030 Freephone for shareholders (from Italy): 800 940924 Freephone for shareholders (from abroad): +800 11223456Switchboard: +39 06 59821, ufficio.stampa@eni.comsegreteriasocietaria.azionisti@eni.cominvestor.relations@eni.com, Ethics, anti-bribery and corruption, and transparency, Climate change policy and energy transition, Resource use, emissions, discharges, waste and sound. Cairn Energy share price data is direct from the London Stock Exchange. EDINBURGH, UK – Cairn Energy is participating in two current exploration wells in the Sureste basin offshore Mexico, the company revealed in an operations update.. One is its operated Bitol-1 well in block 9 and the other on the Eni-led Saasken-1 in block 10. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. Saasken-1 NFW well, which has led to the discovery, is the sixth consecutive successful well drilled by Eni offshore Mexico in the Sureste Basin. Eni has been present in Mexico since 2006, and it established its wholly-owned subsidiary Eni Mexico in 2015. 05/05/2020 . It announced that work had been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Carin has an interest through subsidiary Capricorn Energy Mexico. It announced that work had been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Carin has an interest through subsidiary Capricorn Energy Mexico. The JV is working to appraise the discovery and to exploit nearby synergies in order to assess the potential for commercial development. The exploration target of the well was to prove hydrocarbons in the Lower Miocene. 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