Cairn at a Glance
Cairn explores for, discovers, develops and produces oil and gas assets globally. We have a proven track record of creating and delivering transformational value through focused exploration and development.
Our story is about being pioneers and partners. We aim to build material positions in frontier areas whilst working with the communities in which we operate.
Over the past 20 years Cairn has had a focus on South Asia. This has resulted in over 40 oil and gas discoveries and the development of major fields in India and Bangladesh.
Cairn also has an early entry and strategic frontier exploration position in Greenland, a country recognised by the United States Geological Survey as having significant yet-to-find hydrocarbon potential.
Our values of building respect, nurturing relationships and acting responsibly are at the core of all we do. People are our key asset and our teamwork, innovation and ability to combine technical and commercial expertise give us our edge.
"The group has the capacity to drive forward the Rajasthan development and the financial flexibility to pursue opportunities for growth"
Sir Bill Gammell, Chief Executive
Cairn India
Cairn holds a 62.37% interest in Cairn India – which is listed on the Bombay Stock Exchange and the National Stock Exchange of India. Cairn India has interests in 13 blocks in India and Sri Lanka.
On 16 August 2010, Cairn announced that it had entered into a conditional agreement with Vedanta Resources plc for the sale of a percentage of its shareholding in Cairn India. For more information, please see the announcement dated 16 August 2010.
Capricorn
Capricorn, a non-listed subsidiary, is exploration-led with a strategy of organic growth and value-enhancing acquisition. Capricorn's core assets are in Greenland, the Mediterranean and South Asia.
