Cairn Energy PLC is an independent, UK-based oil and gas exploration and production company. Capricorn Energy Mexico is a wholly owned subsidiary of Cairn Energy PLC. According to preliminary estimates, the new discovery may contain between 200 and 300 million barrels of oil in place. EDINBURGH, UK – Cairn Energy has issued updates on its exploration and development programs offshore the Americas and Europe.. After completing the first two exploration wells planned for this year, the group then deferred further exploration drilling in Mexico. EDINBURGH, UK – Cairn Energy’s second operated well offshore Mexico was a dry hole, the company revealed in its latest operational review.. In 2017 we extended our reach along the Atlantic Margin by securing acreage in Mexico. The exploration target of the well was to prove hydrocarbons in the Lower Miocene. Italian energy group Eni said it had found oil on the Saasken Exploration Prospect and said the new discovery could hold between 200 and 300 million barrels of oil. Côte d’Ivoire. 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. Cairn Energy Regulatory News. Follow. In Block 9, where Cairn is the operator, drilling operations on the first well are expected to start in 3Q, followed by the second well in 4Q 2019. 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. The objectives were found to be dry and the well will now be permanently plugged and abandoned. 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 Offshore staff. 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. Italy’s Eni and Scottish firm Cairn Energy have reported disappointment offshore Mexico after an exploration well came up dry. Offshore staff. The leading global oil, gas and energy news resource. Annual Report 2019. The JV is working to appraise the discovery and to exploit nearby synergies in order to assess the potential for commercial development. Offshore staff. 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. Live CNE RNS. 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 ENERGY PLC ("Cairn") Mexico Drilling Update Cairn has completed the first well in its drilling programme offshore Mexico. Corporate and Finance. Israel. Cairn Energy says Mexico well abandoned . Date Subject Author Discuss; 06/8/2020 07:34: I think that is what has always been supposed, i.e. 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. Post. 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 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. Cairn Energy has a primary listing on the London Stock Exchange and is a constituent of the FTSE 250 Index. Offshore staff. 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)*. Shares in Scottish oil explorer Cairn Energy jumped today after one of its partners announced an oil discovery in Mexico. Investors. Cairn Energy Share Discussion Threads. Area 7 is 591sq km at 150-520m water depth, consisting of light oil. The FTSE 250 … Cairn Energy share price data is direct from the London Stock Exchange. 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. Eni S.P.A. €14.90 19:48 22/03/17 -0.17%-€0.03. Cairn anticipates exploration drilling to commence in 2019 on both blocks. Exploration and development firm Cairn Energy has made a new oil discovery on the Saasken prospect, located in … Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico. Cairn Oil & Gas, Vedanta Limited, is the largest oil and gas exploration and production company in India. Your Recent History LSE. Operations. Eni has been present in Mexico since 2006. The discovery is opening a potential commercial outcome of Block 10 since several other prospects located nearby may be clustered in a synergic development. 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 comes up dry at second Mexico well Showing 15651 to 15673 of 15900 messages. The licences, one operated and one non-operated, are located in the highly prolific yet under-explored Sureste basin. Offshore staff. 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 suffered fresh disappointment with the drill bit in the Gulf of Mexico. 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. Read More Related … (Sharecast News) - Exploration and development firm Cairn Energy has made a new oil discovery on the Saasken prospect, located in the Sureste Basin, offshore Mexico. 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)*. To compare Cairn Mexico to what happened to Tullow Guyana makes no sense. Cairn is pleased to announce it has secured interests in two licences in the Mexico offshore bid round. Cairn Energy says Mexico well abandoned . 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%. Cairn Energy has provided an update on its operations in the North Sea, West Africa and Latin America. Suriname. CAIRN ENERGY PLC ('Cairn') Oil discovery offshore Mexico. NOTE TO EDITORS: The National Hydrocarbon Commission (CNH) approved the 15% share of Capricorn in Block 10 (contract CNH-R02-L01-A10.CS/2017). 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. 03/11: CAIRN ENERGY: download Transcript: PU. The FTSE 250 … The Company's strategy is to deliver value for stakeholders by building and maintaining a balanced portfolio of exploration, development and … 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. Eni has been present in Mexico since 2006, and it established its wholly-owned subsidiary Eni Mexico in 2015. Operations have been abandoned on a Mexican oil prospect in which Edinburgh-based Cairn Energy has a 30 per cent interest. The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in stacked Pleistocene targets. 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. Investment case. CAIRN ENERGY PLC ("Cairn") Oil discovery offshore Mexico 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)*. The reservoirs show excellent petrophysical properties. The signature process of the revised Production Sharing Contracts to reflect the change in the JV working interest is ongoing. CAIRN Energy has received another boost to its exploration credentials after making what may be a significant find off Mexico with partners. An intensive data collection has been carried out on the well and the data acquired indicate a production capacity for the well of more than 10,000 barrels of oil per day. 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. 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. The target areas are next to blocks containing recent major discoveries. Cairn Energy won two licenses in Round 2.1: Area 7 and Area 9, through its wholly owned subsidiary Capricorn Energy. Cairn sold most of its stake in the Indian business to Vedanta in 2011, but the outstanding 10% was seized by the Indian government in 2014 along … by Allister Thomas. Financial highlights. Cairn Energy is an independent, United Kingdom-based oil and gas exploration, development and production company. Exploration and development firm Cairn Energy has made a new oil discovery on the Saasken prospect, located in the Sureste Basin, offshore Mexico. Mexico is a core country in Eni’s strategy of future organic growth. Cairn shares soar on $1.2bn Indian tax ruling. Operations have been abandoned on a Mexican oil prospect in which Edinburgh-based Cairn Energy has a 30 per cent interest. Company profile page for Cairn Energy PLC including stock price, company news, press releases, executives, board members, and contact information Cairn secured two new licences in the Mexico offshore bid round in H1 2017. EDINBURGH, UK – Cairn Energy expects to drill four wells during 2019-2020 on its licenses offshore Mexico.. Disappointment for Eni and Cairn off Mexico. The exploration target of the well was to prove hydrocarbons in the Lower Miocene. 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.. Cairn has completed the first well in its drilling programme offshore Mexico. 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. 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)*. 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). Cairn Energy PLC’s legacy in India. 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.. Ethics, anti-bribery and corruption, and transparency, Climate change policy and energy transition, Resource use, emissions, discharges, waste and sound. 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 ENERGY PLC ("Cairn") Mexico Drilling Update . Cairn has a 15% working interest in the prospect which lies 65km off the coast. Operations. Offshore staff. 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 Plugs First Mexico Well, Expects Dispute Outcome In 2020. Read Full Thread. 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.. Oil company Cairn Energy has hired a Maersk Drilling semi-submersible drilling rig for its drilling program offshore 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. 03/10 : CAIRN ENERGY: Full Year Results 2019: PU. Operations are ongoing at the Cairn (50% WI)* operated Bitol-1 well in Block 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. Regulatory News Articles for Cairn Energy Plc Ord 231/169P CAIRN ENERGY: Mexico Drilling Update: PU. Cairn claims to have already identified various attractive prospects and leads. Investors. 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 operator Cairn Energy has continued its drive for profit with positive full year results for 2019. 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. Cairn Energy has a primary listing on the London Stock Exchange and is a constituent of the FTSE 250 Index. Eni S.P.A. €14.90 19:48 22/03/17 -0.17%-€0.03. The leading global oil, gas and energy news resource. 03/10: Main … 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. Chat Pages: 636 635 634 633 632 631 630 629 628 627 626 625 Older. 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. When these operations are complete, the Ensco 8505 rig will drill the ENI operated Ehecatl-1 well in Block 7 (Cairn … 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: CAIRN ENERGY PLC ("Cairn") Mexico Drilling Update . Offshore staff. Cairn Energy PLC has announced that the ENI operated Ehecatl-1 exploration well, offshore Mexico, was unsuccessful. Reply . 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 makes new oil discovery in Mexico's Sureste Basin . 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. CAIRN ENERGY PLC ("Cairn") Oil discovery offshore Mexico 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)*. Eni is also planning an important exploration campaign in the other licenses held in Mexico. The exploration target of the Alom-1 well on Block 9 was to prove hydrocarbons in... | September 13, 2020 Mexico. In second place, the JV of Repsol, … 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. Cairn also revealed today that its Alom-1 exploration well offshore Mexico was dry and would be permanently plugged and abandoned. 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. +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. 05/05/2020 . 03/27: CAIRN ENERGY: Operational Update – 2020 Reduced Capital Expenditure: PU. 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. UK. 03/31: CAIRN ENERGY: LETTER TO SHAREHOLDERS – CHANGE OF AGM ARRANGEMENTS: PU. India has been ordered to pay $1.2bn (£895m) to oil and gas producer Cairn Energy following arbitration proceedings over a tax dispute. Italy’s Eni and Scottish firm Cairn Energy have reported disappointment offshore Mexico after an exploration well came up dry. EDINBURGH, UK – Cairn Energy expects to drill its first wells offshore Mexico in the second half of next year.. Press Office: Tel. Board. Cairn Energy is a United Kingdom-based independent oil and gas exploration and development company. Cairn will operate Area 9 … Share price ... Production. The signature process of the revised Production Sharing Contracts to reflect the change in the JV working interest is ongoing. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. 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. 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 has received another boost to its exploration credentials after making what may be a significant find off Mexico with partners. Cairn Energy PLC specializes in the exploration and production of oil and gas. The exploration target of the well was to prove hydrocarbons in the Lower Miocene. 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. Our story. Saasken-1 discovered 80 meters of net pay of good quality oil in the Lower Pliocene and Upper Miocene sequences. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. 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. Scottish oil company Cairn Energy has secured interests in two licences in the Gulf of Mexico. 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. 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. 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