International

Cairn's portfolio also contains interests in Africa and the Mediterranean including Malta, Morocco and the Republic of Ireland.

7

Licences across five countries

1

new Atlantic Margin licence in 2015

Republic of Ireland

Map of Irish assets

Summary of interest

FEL 2/04

  • Cairn 38% WI, Operator, Providence 58% WI, Sosina 4% WI

FEL 1/14

  • Cairn 38% WI, Operator, Providence 58% WI, Sosina 4% WI

FEL 4/08

  • Cairn 38% WI, Operator, Providence 58% WI, Sosina 4% WI

LO 16/18

  • Cairn 100% WI, Operator

In July 2013, Cairn farmed-in as operator to three licences offshore West of Ireland in the Porcupine Basin, which contains the undeveloped Spanish Point gas condensate and Burren oil discoveries. The acreage covers an area of 2,753km².

A 900km2 3D seismic survey was completed in Q3 2014 on acreage adjacent to the Spanish Point discovery on Frontier Exploration Licence (FEL) 1/14.

Cairn was awarded one Licence Option in the 2015 Atlantic Margin Oil and Gas Exploration Licensing Round - Phase 2 Awards - Porcupine Basin LO 16/18 (1,500 km2) with an initial work programme aimed at evaluating the petroleum potential of this area offshore Ireland.

A planned appraisal/exploration well on FEL 2/04 is deferred, pending further discussions with partners and the Government of the Republic of Ireland.