EDINBURGH, UK – Cairn Energy has issued updates on its exploration and development programs offshore the Americas and Europe.
After completing the first two exploration wells planned for this year, the group then deferred further exploration drilling in Mexico.
Early in the year the company participated in an oil discovery in block 10 offshore Mexico. Operator Eni estimated in-place oil at the Saasken prospect at 200-300 MMbbl.
Currently the partners are working on appraising the discovery and exploiting nearby synergies for a potential commercial development.
On block 9, Cairn completed its second operated well in Mexico in 1Q, but Bitol-1 was dry and subsequently P&A’d. The same applied to the Ehecatl-1 well, operated by Eni in block 7.
Offshore Suriname, Cairn operates the 13,090-sq km (5,054-sq mi) PSC for block 61, within the Guyana-Suriname basin and thought to be on-trend from recent discoveries.
The company is analyzing proprietary 2D seismic, modern reprocessed vintage 2D and part 3D coverage, and plans contingent 3D seismic to develop potential drilling opportunities in shallow and deepwater areas of the block.
In the UK central North Sea, Cairn entered an asset exchange agreement with Shell UK concerning two licenses, both close to the Nelson platform, and each carrying a firm commitment to drill an exploration well.
Both wells could be drilled between H2 2021 and H1 2022.
However, satellite field development wells on the Premier-operated Catcher, and exploration drilling south of Nelson, have both been deferred.
Offshore Israel, Cairn operate eight licenses in partnership with Ratio Oil Exploration and Pharos Energy. During H1, Cairn contracted DownUnder GeoSolutions for seismic reprocessing.