Cairn has a non-operated interest in three development projects in the North Sea: Kraken, Catcher and Skarfjell.
Kraken and Catcher are two of the largest UK North Sea development projects and are targeting production in H2 2017. We hold a 20% non-operated Working Interest (WI) in the Catcher development and a 29.5% non-operated WI in the Kraken development. Peak net production to Cairn of ~25,000 barrels of oil equivalent per day is expected from the two developments.
Cairn also holds a 20% non-operated WI in the Skarfjell development in the Norwegian North Sea.
Following the success of its exploration drilling programmes in Senegal, Cairn and its Joint Venture partners submitted a three year evaluation work plan to the Government of Senegal in 2015. As part of this plan, Cairn expects to submit an outline timetable for development and an Exploitation Plan in 2018, a Final Investment Decision within twelve months thereafter and first oil in the period 2021-2023.
Our development assets, once in production, will deliver the cash flow to sustain future exploration.