Cairn has production from two major UK North Sea assets, Catcher and Kraken, which Cairn progressed through the development stage to achieve first oil in 2017. Cairn holds a 20% non-operated interest in the Catcher development and a 29.5% non-operated interest in the Kraken development.
Net production to Cairn from the Catcher and Kraken fields in 2019 averaged more than 23,000* boepd. 2020 net production is estimated to be 19,000-23,000 bopd*.
Catcher and Kraken are at peak rates and the focus is on optimising existing wells and maturing new opportunities to help sustain production in forthcoming years.
*Before FlowStream’s production entitlement