Investors

Annual Report 2019

Cairn is committed to working responsibly as part of our strategy to deliver value for all stakeholders.

Cairn is committed to working responsibly as part of our strategy to deliver value for all stakeholders.

Creating Value Responsibly

Our Focus in 2019

Exploration

We hold emerging acreage in Senegal, Mexico, Israel and Mauritania; frontier acreage in Suriname and Côte d’Ivoire and mature acreage in the UK.

Development

We hold an interest in the Sangomar Field (Senegal) development project. This was an exploration asset which we have progressed into development.

Production

We hold non-operated interests in two production assets in the UK North Sea, Catcher and Kraken, which delivered first oil in 2017.

2019 Highlights

~23,000

Net oil production averaged (bopd)

US$ 504m

Oil and gas sales revenue

US$ 390m

Net cash inflow

US$ 242m

Capital expenditure

US$ 147m

Year end Group cash

CEO's review

Simon Thomson, Chief Executive Officer

Committed to creating value responsibly

Download the ceo's review (pdf)

Corporate Governance Statement

Ian Tyler, Chairman

Operating with integrity at all levels,
at all times

Corporate Governance Statement (pdf)

Strategy

Our strategy is to work responsibly to create value by building a balanced business for the long term.

Our strategy

Business model

Cairn’s business model is to hold assets within the oil and gas life cycle in order to create, add and deliver value for stakeholders.

Our business model