Tuesday, March 23, 2010

Cairn+Greenland

'09 result release

Greenland

  • Geophysical surveys across west, south and eastern Greenland acquired in 2009
  • PETRONAS became a 10% partner in existing operated blocks
  • Two drilling rigs secured for multi-well offshore exploration programme summer 2010
  • Preparations for 2010 geophysical surveys and exploration drilling underway
  • Four planned exploration wells target ~1.6 billion of risked oil in place and ~385 mmbbls of risked resources, (16 billion of unrisked oil in place and 4.1 billion bbls unrisked resources) (gross mean figures)
  • Pre-qualified as Operator for the 2010 Baffin Bay Bid Round

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