History

Key event - North West Europe

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.

• Nautical Petroleum plc announcement

Key event - North West Europe

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.

• Acquisition of Agora Oil & Gas AS
• Download Agora Oil & Gas AS Acquisition PDF 1.22MB
• Download Agora Oil & Gas AS Factsheet PDF 0.11MB

Corporate

Simon Thomson becomes Chief Executive

Simon Thomson becomes Chief Executive.

Key event - Corporate - India

Part sale of shareholding in Cairn India to Vedanta Resources plc completed

Cairn retains an approximate 22 per cent shareholding in Cairn India.

• Cairn and Vedanta transaction completed

Key event - Corporate - 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.

• Proposed part sale of shareholding in Cairn India to Vedanta Resources plc

Key event - Corporate - Bangladesh

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.

• Santos to acquire Cairn Energy Sangu Field Ltd

Corporate

Successful placing of 6,542,270 new Ordinary Shares (5%) at Placing Price of £17.75/share raises $161 million

Corporate - Greenland

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.

• Cairn agrees farm out with Petronas International Corporation Ltd for Greenland Blocks

Key event - Corporate

20 years of Cairn Energy PLC

Key event - Corporate - India

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.

Corporate - India

$1billion returned to shareholders post IPO of Cairn India

Corporate

Cairn Group signs $1bn syndicated revolving credit facility, primarily to fund the Rajasthan development

Corporate - Nepal

Cairn signs Production Sharing Contracts (PSCs) for 100% interest in five exploration blocks in Nepal

Corporate

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.

• Disposal of interests in the Dutch Sector of the North Sea

Corporate - Bangladesh

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

Sept 2003.

• Acquisition of Shell's upstream assets in Bangladesh

Corporate - India

Cairn acquires Shell's remaining 50% working interest in the Rajasthan block RJ-ON-90/1 and assumes operatorship

Corporate - India - Thailand - China

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

Key event - Corporate - Bangladesh - India

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.

Corporate

Acquires Command Petroleum Limited

Acquires Command Petroleum Limited. Command's interests are in India, Yemen, PNG, Australia and Russia.

Key event - Corporate - Bangladesh

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.

Key event - Corporate - Bangladesh

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.

Key event - Corporate

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.