Chimera Well Update, UK North Sea

17 Oct 2019

Chimera Well Update, UK North Sea

Cairn, operator of UKCS licence P2312, has completed drilling of wildcat well 03/17a-3, known as Chimera.

The objective of the well was to prove hydrocarbons in Paleocene Heimdal Sandstones within the Lista Formation.  The well is dry.

The well was drilled to a vertical depth of 1,830 metres (m) below the sea surface and was terminated in the Lista Formation in the Paleocene.  The well will now be permanently plugged and abandoned.

The well was drilled approximately 40 kilometres (km) north of the Kraken field, 140km east of Lerwick, and 400km north of Aberdeen. Water depth at the site is 135m.

Nautical Petroleum (a fully owned subsidiary of Cairn) was awarded a 100% operated interest in the licence in the UK 29th Offshore Licensing Round in 2017.  Cairn subsequently farmed out a 40% non-operated interest to Suncor Energy UK Limited in 2018, and a further 15% non-operated interest to DNO North Sea (U.K.) Limited in 2019.

Well 03/17a-3 was drilled by the Stena Don mobile offshore drilling unit.

Enquiries to:

Analysts / Investors
David Nisbet, Corporate Affairs
Tel: 0131 475 3000

Linda Bain, Corporate Affairs
Cairn Energy PLC
Tel: 0131 475 3000

Patrick Handley, David Litterick
Brunswick Group LLP
Tel: 0207 404 5959