Acquisition of Nautical Petroleum
Nautical was an independent oil and gas exploration and production company. It had development assets in the United Kingdom North Sea (including interests in the Catcher, Kraken and Mariner fields) and exploration assets in the United Kingdom, Ireland and France.
Acquisition of Agora Oil & Gas AS
Agora was a private Norwegian company with non-operated, exploration, appraisal and developmental assets in the UK and Norwegian North Sea.
Proposed $3.5 billion return of cash to shareholders announced
Shareholders to receive £1.60/share dividend for each Ordinary Share.
Simon Thomson becomes Chief Executive
Simon Thomson becomes Chief Executive.
Part sale of shareholding in Cairn India to Vedanta Resources plc completed
Cairn retains an approximate 22 per cent shareholding in Cairn India.
Proposed part sale of Cairn India to Vedanta Resources plc
Cairn announces the proposed part sale of up to 51% of its shareholding in Cairn India to Vedanta.
Cairn's interests in Bangladesh acquired by Santos
Santos acquires all of Cairn's assets in Bangladesh, including its interest in the Sangu gas field and Block 16 exploration acreage.
Successful placing of 6,542,270 new Ordinary Shares (5%) at Placing Price of £17.75/share raises $161 million
Cairn agrees farm out with Petronas International Corporation Ltd (PICL) for Greenland blocks: Sigguk, Eqqua, Kingittoq, Saqqamuit, Sallitt and Uummannarsuaq
Cairn has agreed to sell to PICL a 10% interest in its existing operated blocks offshore Greenland, subject to the required government and partner approvals.
10 for 1 subdivision of the share capital of Cairn approved
20 years of Cairn Energy PLC
Cairn India listed on BSE and NSE
IPO of Cairn India Ltd on the Bombay Stock Exchange raises $1.98billion. Cairn Energy PLC retains a 69% holding. At the time, this was the largest IPO in Indian corporate history.
$1billion returned to shareholders post IPO of Cairn India
Acquisition of MedOil plc and Plectrum plc
The acquisition brings operatorship of three highly prospective blocks, the Joni-5 block offshore Albania, the Louza and Nabeul blocks offshore Tunisia and a number of less-mature assets.
Dyas BV acquires 10% interest in Capricorn
Farm out of 50% interest in Cairn's Bangladesh assets to Santos
Cairn Group signs $1bn syndicated revolving credit facility, primarily to fund the Rajasthan development
Cairn signs Production Sharing Contracts (PSCs) for 100% interest in five exploration blocks in Nepal
Cairn disposes of its interests in the Dutch sector of the North Sea through the sale of its subsidiary Holland Sea Search B.V. to Dyas B.V.
Cairn acquires Shell's 37.5% stake in the Sangu gas field and assumes operatorship. A 45% operated interest in Exploration Blocks 5 and 10 in Bangladesh also acquired
Cairn acquires Shell's remaining 50% working interest in the Rajasthan block RJ-ON-90/1 and assumes operatorship
Continues to increase focus on the Indian subcontinent by selling non-core interests in China and Thailand and by a moratorium on non-Indian new ventures
Bangladesh transaction with Shell
In July, Cairn and Shell sign an operational alliance over the whole of Bangladesh and parts of India – including the Rajasthan block interest.
Acquires Command Petroleum Limited
Acquires Command Petroleum Limited. Command's interests are in India, Yemen, PNG, Australia and Russia.
Acquires HSSH – an Amsterdam listed company
Cairn acquires a 45% interest in Holland Sea Search N.V (later increased to 100%). HSSH interests are in the Netherlands, Bangladesh, PNG, Australia and Russia via the SOCOPerm Joint Venture. The CEO of HSSH, Dr Mike Watts, joins Cairn.
Joint Venture with Holland Sea Search (HSSH)
HSSH interests are in the Netherlands, Bangladesh, PNG, Australia and Russia via the SOCOPerm Joint Venture. HSSH works with its major shareholder Command Petroleum to review and help secure an early entry position in India, including the Ravva oil field and exploration acreage, as well as Yemen.
Acquires Teredo Petroleum PLC
Cairn Energy PLC listed on London Stock Exchange
Cairn acquires all Conoco's onshore UK interests and gains listing on the London Stock Exchange, with a market capitalisation of £25 million.