Mexico Drilling Update

RNS Number : 8045L
Cairn Energy PLC
05 May 2020
 

 

FOR IMMEDIATE RELEASE         5 May 2020

 

 

 

CAIRN ENERGY PLC ("Cairn")

 

Mexico Drilling Update

 

 

Operations have been completed on the Eni operated Ehecatl-1 exploration well on Block 7, located in the Sureste Basin Offshore Mexico, in which Cairn has a 30% working interest through wholly owned subsidiary Capricorn Energy Mexico. 

 

The exploration target of the well was to prove hydrocarbons in the Lower Miocene.  The well did not find reservoired hydrocarbons and it has now been permanently plugged and abandoned.

 

Logging, sampling and data collection during the well operations will help the joint venture calibrate the seismic data and develop an improved understanding of the Lower Miocene target and the information gathered will be integrated to improve the understanding of the Block and inform the second well decision.

 

The well is located 65 kilometres offshore and was drilled by the Valaris 8505 semi-submersible rig in water depth of 426 metres and reached a total depth of 4,451 metres. 

 

 

 

 

 

Enquiries:

 

 

 

Analysts/Investors

 

David Nisbet, Corporate Affairs

Tel: 0131 475 3000

Media

 

Linda Bain, Corporate Affairs

Tel: 0131 475 3000

 

 

Patrick Handley/David Litterick, Brunswick Group LLP

Tel: 0207 404 5959

 

 

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 the North Sea, West Africa and Latin America, underpinned by interests in production and development assets. Cairn has its headquarters in Edinburgh, Scotland supported by operational offices in London, Senegal and Mexico.

 

For further information on Cairn please see: www.cairnenergy.com

 

 

 


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
 
 
DRLEAPSLELSEEEA
UK 100

Latest directors dealings