Cairn lands licenses off west Greenland

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).

Offshore staff

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.

01/11/2008

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