Cairn receives offshore Ireland drilling program approval


Cairn receives offshore Ireland oil exploration drilling program approval

The Minister of State at the Department of Communications, Energy and Natural Resources (DCENR) has approved Cairn’s farm-in as Operator with a 38% working interest (WI) in two exploration licences (FEL 2/04 and FEL 4/08) and one licensing option covering 2,753 km2 in the Porcupine Basin offshore West of Ireland.

Cairn has also today entered into a contract to secure a drilling rig for the planned Spanish Point appraisal well in licence FEL 2/04.

Cairn and its Joint Venture (JV) partners: Chrysaor (26% WI), Providence Resources (32% WI) and SOSINA Exploration Ltd (SOSINA) (4% WI), will use the “Blackford Dolphin” which is an enhanced Aker H3 deep-water semi submersible drilling rig.

Subject to obtaining the necessary approvals the rig which underwent a $400 million deepwater upgrade in 2006 will be mobilised to begin operations on this well in Q2 2014.

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