Cairn completes Irish license farm-in ahead of first well
Cairn Energy has authorization from Ireland’s government to complete a license farm-in the offshore Porcupine basin.
Following approval by the Minister of Communications, Climate Action and Environment,Providence Resources will continue to operate frontier exploration license 2/14 with a 56% interest.
Capricorn will hold a 30% stake and Sosina the remaining 14%.
The Druid and Drombeg 53/6-A exploration well is due to spud in late June.