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Cairn's Operational Update

  1. Ya
    6,809 Posts.
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    Relevant bit on SNE from Cairn's January update attached below.

    Cairn also provided a 2019 Capex guidance of USD135mil, which includes pre-FID costs for Senegal (alongwith 3 other projects).

    https://www.cairnenergy.com/news-media/news/2019/operational-update/#Tabundefined=1

    Other then that, they just had a full year of production & revenue of USD395+39mil from Catcher & Kraken fields. Produced apprx 17500 boepd net share @ USD68/bbl & costs of USD20/bbl. Not bad figures for first year. 

    Developments:
    In Senegal, the SNE Field Development (Cairn 40% WI) is on track with the Final Investment Decision targeted for mid-2019. The phased Field Development and Exploitation Plan has been submitted to the Government of Senegal with first production targeted in 2022. Woodside has assumed the role of development operator as planned and the project finance process has been successfully launched.


 
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