LONDON –Cairn Energy has secured interest in six offshore west Greenland exploration licenses covering 52,000 sq km (20,077 sq mi) in water depths from 300 m to 1,400 m (984 ft to 4,593 ft).
Cairn says its Capricorn exploration arm landed operated interest of 87.5% in Sigguk and Eqqua blocks, and 92% in Kingittoq and Saqqamuit. Nunaoil A/S, Greenland's national oil company, holds the remaining interest. The licenses include an obligation for seismic acquisition.
In non-operated interest, Capricorn got 40% in Atammik and Lady Franklin from EnCana Corp.