Cairn Energy PLC Senegal Update (2648Z)
09 January 2020 - 6:00PM
UK Regulatory
TIDMCNE
RNS Number : 2648Z
Cairn Energy PLC
09 January 2020
For Immediate Release: 9 January 2020
CAIRN ENERGY PLC ("Cairn" or "the Company")
Senegal Update
The enclosed announcement has been issued by Woodside regarding
the approval of the Rufisque Offshore, Sangomar Offshore and
Sangomar Deep Offshore (RSSD) joint venture Exploitation Plan and
granted the Exploitation Authorisation for the Sangomar Field
Development, in which Cairn has a 40% working interest.
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
ASX Announcement
Thursday, 9 January 2020
ASX: WPL OTC: WOPEY
Woodside Petroleum Ltd.
ACN 004 898 962
Mia Yellagonga 11 Mount Street
Perth WA 6000 Australia
T +61 8 9348 4000
www.woodside.com.au
SANGOMAR FIELD DEVELOPMENT EXPLOITATION AUTHORISATION
The Government of Senegal has approved the Rufisque Offshore,
Sangomar Offshore and Sangomar Deep Offshore (RSSD) joint venture
Exploitation Plan and granted the Exploitation Authorisation for
the Sangomar Field Development.
Commencement of the execute phase of the Sangomar Field
Development Phase 1 (Sangomar Development) is subject to final
execution of the Host Government Agreement with the Government of
Senegal and the approval and award of key contracts.
The Sangomar Development concept is a stand-alone floating
production storage and offloading (FPSO) facility with 23 subsea
wells and supporting subsea infrastructure. The FPSO, expected to
have a production capacity of 100,000 bbl/day, will process the oil
before it is exported to market via tankers. First oil is targeted
in early 2023.
The FPSO will allow for the integration of potential future
development phases, including gas export to shore and future subsea
tie-backs.
The RSSD joint venture comprises Woodside Energy (Senegal) B.V.,
Capricorn Senegal Limited (a subsidiary of Cairn Energy PLC), FAR
Ltd and Petrosen (the Senegal National Oil Company).
Contacts:
INVESTORS MEDIA
Damien Gare Christine Forster
W: +61 8 9348 4421 M: +61 484 112 469
M: +61 417 111 697 E: christine.forster@woodside.com.au
E: investor@woodside.com.au
This ASX announcement was approved and authorised for release by
Woodside's Disclosure Committee.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
UPDUKSNRRAUARRR
(END) Dow Jones Newswires
January 09, 2020 02:00 ET (07:00 GMT)
Capricorn Energy (LSE:CNE)
Historical Stock Chart
From Apr 2024 to May 2024
Capricorn Energy (LSE:CNE)
Historical Stock Chart
From May 2023 to May 2024