Cairn to appraise Spanish Point discovery

July 25, 2013

Cairn Energy will to drill an appraisal well on its Spanish Point discovery off western Ireland using the semi Blackford Dolphin in 2Q 2014. Spanish Point is a gas and condensate field in license FEL 2/04 developed by Phillips in 1981. It is at the northern end of the Porcupine Basin in about 400m of water.

Cairn was recently approved as operator after completing a farm-in, in which it gained 38% working interest in licences FEL 2/04 and FEL 4/08. Partners in the licenses include Chrysaor (26%), Providence Resources (32%) and SOSINA Exploration (4%).



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