Cairn is an experienced oil and gas explorer, developer and producer, which has operated in a variety of locations around the world.
Historically, Cairn focused on South Asia where it created significant value for shareholders and stakeholders, particularly through its discovery, development and production of oil in Rajasthan, India. This was the largest onshore discovery in India for more than 25 years, with the potential to provide more than 30% of India’s daily crude oil production and generate many billions of US dollars in revenue for the Government of India.
In 2006 the Indian business, Cairn India Limited (CIL), was listed on the Indian stock exchanges and in 2012 Cairn sold the majority of its stake in CIL and returned cash to shareholders as part of its business model to create, add and realise value for shareholders. Between 2006 and 2012 Cairn returned US$4.5 billion to shareholders.
Since then Cairn has focused on rebuilding the business to create, add and realise value once again through exploration, development and production.
Today, Cairn continues to offer growth opportunities through its frontier exploration success in Senegal and through future cash flow from its North Sea development assets, which are targeting production in H2 2017 and which will fund future exploration and growth of the business.
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