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Sunday, 12th October 2008

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New oil rights for Cairn India



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Published Date: 06 June 2008
CAIRN India, the oil & gas firm controlled by Edinburgh-based Cairn Energy, has been awarded a new exploration prospect off the coast of Sri Lanka.
Cairn said the government of Sri Lanka had awarded it exploration rights for a large block in the Mannar Basin, off north-west Sri Lanka, covering 3,400 square kilometres at depths of between 200m and 1,800m.

Cairn Energy floated its Indian business in January last year, but retained a stake of 65 per cent in the new company.





The full article contains 91 words and appears in The Scotsman newspaper.
Page 1 of 1

  • Last Updated: 05 June 2008 8:54 PM
  • Source: The Scotsman
  • Location: Edinburgh
  • Related Topics: Cairn Energy
 
 

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