Cairn to See 9 Wells Drilled in 2014

UK independent Cairn Energy reported Tuesday that it will be involved in at least nine exploration wells that are scheduled to be drilled during 2014.

"Cairn plans to drill nine wells in its 2014 exploration program across an attractive mix of frontier and mature basins," Cairn Chief Executive Simon Thomson said in a company statement.

In the Atlantic Margin Cairn plans four wells. Currently it is drilling the JM-I exploration well in the Juby Maritime III Block, offshore Morocco. This will be followed by two operated wells offshore Senegal and one well offshore Ireland.

Offshore Morocco will also see Cairn partner Kosmos Energy drill an exploration well the Cap Boujour Contract Area, in which Cairn has a 20-percent interest.

Meanwhile, off the coast of northwest Greenland Cairn and its partners are working on plans to drill in the Pitu block. A 3D seismic survey is also being planned on acreage adjacent to the Spanish Point discovery offshore Ireland.

In the North Sea, Cairn has interests in four exploration wells that are scheduled to be drilled in 2014. The Tulla, Aragon and West of Kraken wells are all located in the UK North Sea, while Atlas is located on the Norwegian Continental Shelf.

Cairn also reported that the second Skarfjell appraisal well has successfully delineated the field and the company's partners are now examining possible development concepts for Skarfjell for both oil and gas. The operator's current resource estimate for Skarfjell is for between 120 and 229 million barrels of oil equivalent.

At Kraken, the field development plan has received UK Department of Energy and Climate Change approval and first oil is expected in late 2016/early 2017, with production estimated at 50,000 barrels of oil per day (12,500 bopd net to Cairn).




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