Regulatory News Articles for Cairn Energy Plc Ord 231/169P 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. When these operations are complete, the Ensco 8505 rig will drill the ENI operated Ehecatl-1 well in Block 7 (Cairn … Currently Eni holds rights in eight exploration and production blocks (six as the Operator), all located in the Sureste Basin in the Gulf of Mexico. EDINBURGH, UK – Cairn Energy’s second operated well offshore Mexico was a dry hole, the company revealed in its latest operational review.. CAIRN Energy has received another boost to its exploration credentials after making what may be a significant find off Mexico with partners. The FTSE 250 … Cairn Energy Share Discussion Threads. Oil company Cairn Energy has hired a Maersk Drilling semi-submersible drilling rig for its drilling program offshore Mexico. 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). 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. Cairn shares soar on $1.2bn Indian tax ruling. EDINBURGH, UK – Cairn Energy expects to drill four wells during 2019-2020 on its licenses offshore Mexico.. 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. 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. 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. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. 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. Cairn Energy makes new oil discovery in Mexico's Sureste Basin . Cairn Energy says Mexico well abandoned . 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. Operations have been abandoned on a Mexican oil prospect in which Edinburgh-based Cairn Energy has a 30 per cent interest. Mexico. Your Recent History LSE. 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. 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)*. Cairn Energy won two licenses in Round 2.1: Area 7 and Area 9, through its wholly owned subsidiary Capricorn Energy. Eni has been present in Mexico since 2006, and it established its wholly-owned subsidiary Eni Mexico in 2015. Exploration and development firm Cairn Energy has made a new oil discovery on the Saasken prospect, located in … EDINBURGH, UK – Cairn Energy’s second operated well offshore Mexico was a dry hole, the company revealed in its latest operational review.. Eni S.P.A. €14.90 19:48 22/03/17 -0.17%-€0.03. Ethics, anti-bribery and corruption, and transparency, Climate change policy and energy transition, Resource use, emissions, discharges, waste and sound. 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. Shares in Scottish oil explorer Cairn Energy jumped today after one of its partners announced an oil discovery in Mexico. Offshore staff. Cairn Energy PLC is an independent, UK-based oil and gas exploration and production company. San Donato Milanese (Milan), 17 February 2020 – Eni announces a new 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. Capricorn Energy Mexico is a wholly owned subsidiary of Cairn Energy PLC. UK. Operations are ongoing at the Cairn (50% WI)* operated Bitol-1 well in Block 9. 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. Showing 15651 to 15673 of 15900 messages. 03/31: CAIRN ENERGY: LETTER TO SHAREHOLDERS – CHANGE OF AGM ARRANGEMENTS: PU. Cairn Energy has provided an update on its operations in the North Sea, West Africa and Latin America. CAIRN Energy has received another boost to its exploration credentials after making what may be a significant find off Mexico with partners. 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). Investment case. The exploration target of the well was to prove hydrocarbons in the Lower Miocene. Cairn Energy PLC of Edinburgh said it plans to start drilling offshore Mexico in this year’s third quarter on Block 9, where it holds 50% interest and is the operator. Cairn is pleased to announce it has secured interests in two licences in the Mexico offshore bid round. +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. Share price ... Production. Cairn has completed the first well in its drilling programme offshore Mexico. Our story. Offshore staff. 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. 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.. 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. Cairn anticipates exploration drilling to commence in 2019 on both blocks. 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. Live CNE RNS. by Allister Thomas. According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in place. The reservoirs show excellent petrophysical properties. Shares in Cairn Energy PLC were off 4.6% at 184.4p in early deals after a well drilled off the coast of Mexico came up dry.. Scottish operator Cairn Energy has continued its drive for profit with positive full year results for 2019. Eni S.P.A. €14.90 19:48 22/03/17 -0.17%-€0.03. 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. EDINBURGH, UK – Cairn Energy expects to drill its first wells offshore Mexico in the second half of next year.. Offshore staff. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. The news came as the company reported its second dry well in a fortnight as its drilling programme in Mexico got off to a disappointing start. Press Office: Tel. The Bitol-1 well, drilled by the semisubmersible Maersk Developer on block 9 around 120 km (74.6 mi) northwest of Villahermosa, was designed to pursue hydrocarbons in stacked Pliocene and Miocene targets. Earlier this year the company opened an office in Mexico City and established a local team to work on programs for the first two exploration wells on block 9, which the company operates, and an initial well on block 7, where Eni is the operator. Company profile page for Cairn Energy PLC including stock price, company news, press releases, executives, board members, and contact information Cairn claims to have already identified various attractive prospects and leads. At the same time CNH approved the acquisition of a 15% share of Eni Mexico in the adjacent Block 9 (contract CNH-R02-L01-A09.CS/2017) operated by Capricorn Energy Mexico. Operations. Cairn Energy Regulatory News. The signature process of the revised Production Sharing Contracts to reflect the change in the JV working interest is ongoing. Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico. The JV is working to appraise the discovery and to exploit nearby synergies in order to assess the potential for commercial development. Exploration and development firm Cairn Energy has made a new oil discovery on the Saasken prospect, located in the Sureste Basin, offshore Mexico. Is the largest oil and gas exploration, development and production company be permanently plugged and abandoned what... 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