Cairn Energy PLC Chimera well update (1960Q)
17 October 2019 - 5:00PM
UK Regulatory
TIDMCNE
RNS Number : 1960Q
Cairn Energy PLC
17 October 2019
For Immediate Release
17 October 2019
CAIRN ENERGY PLC ("Cairn")
Chimera Well Update, UK North Sea
Cairn, operator of UKCS licence P2312, has completed drilling of
wildcat well 03/17a-3, known as Chimera.
The objective of the well was to prove hydrocarbons in Paleocene
Heimdal Sandstones within the Lista Formation. The well is dry.
The well was drilled to a vertical depth of 1,830 metres (m)
below the sea surface and was terminated in the Lista Formation in
the Paleocene. The well will now be permanently plugged and
abandoned.
The well was drilled approximately 40 kilometres (km) north of
the Kraken field, 140km east of Lerwick, and 400km north of
Aberdeen. Water depth at the site is 135m.
Nautical Petroleum (a fully owned subsidiary of Cairn) was
awarded a 100% operated interest in the licence in the UK 29th
Offshore Licensing Round in 2017. Cairn subsequently farmed out a
40% non-operated interest to Suncor Energy UK Limited in 2018, and
a further 15% non-operated interest to DNO North Sea (U.K.) Limited
in 2019.
Well 03/17a-3 was drilled by the Stena Don mobile offshore
drilling unit.
Enquiries to:
Analysts / Investors
David Nisbet, Corporate Affairs Tel: 0131 475 3000
Media
Linda Bain Corporate Affairs Tel: 0131 475 3000
Cairn Energy PLC
Patrick Handley, David Litterick Tel: 0207 404 5959
Brunswick Group LLP
About Cairn Energy PLC
Cairn is one of Europe's leading independent oil and gas
exploration and development companies and has been listed on the
London Stock Exchange for 30 years. Cairn has explored, discovered,
developed and produced oil and gas in a variety of locations
throughout the world as an operator and partner in all stages of
the oil and gas lifecycle.
Cairn's exploration activities have a geographical focus in
North West Europe, West Africa and Latin America, underpinned by
interests in production and development assets in the North Sea.
Cairn has its headquarters in Edinburgh, Scotland supported by
operational offices in London, Norway, Senegal and Mexico.
For further information on Cairn please see:
www.cairnenergy.com
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END
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