Cairn intends to announce its preliminary results for the year to 31 December 2016 on Wednesday 8 March 2017. In advance of these results, Cairn is providing information on recent operations and guidance in respect of the Group’s trading performance in 2016.
Drilling & production - 17 January 2017
Tullow Oil has announced that the Erut-1 well in Block 13T, Northern Kenya, has discovered a gross oil interval of 55 m with 25 m of net oil pay at a depth of 700 m. The overall oil column for the field is considered to be 100 to 125 m.
Utgard is a gas and condensate field on Norwegian and UK continental shelf while Byrding is an oil and gas field north of the Troll field.
One year after the licence award Statoil has made an oil and gas discovery close to Norne estimated at between 20 and 80 million bbls.