Cairn Energy PLC (CNE) - Oil & Gas - Deals and Alliances Profile

 Published On: Jul, 2017 |    No of Pages: 124 |  Published By: GlobalData | Format: PDF
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Summary

Cairn Energy PLC (Cairn Energy) is an independent oil and gas exploration and production group. it is focused on exploration opportunities with transformational potential within a balanced portfolio of lower risk exploration and development assets. The group through its subsidiaries holds interests in various oil and gas assets. The group has assets in North Sea, Norwegian Sea, Barents Sea, offshore Senegal, Ireland, Morocco, and Malta. The group also has 10% interest in Cairn India Limited. It has operational offices in London, the UK; Stavanger, Norway; and Dakar, Senegal. Cairn Energy is headquartered in Edinburgh, Scotland, the UK.

Cairn Energy PLC (CNE) - Oil & Gas - Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals - Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.
- Deals by Year - Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.
- Deals by Type - Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.
- Deals by Region - Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.
- Deals by Sub-sector - Chart and table showing information on the number of deals and value reported by the company, by sub-sector.
- Major Deals - Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.
- Business Description - A brief description of the company's operations.
- Key Employees - A list of the key executives of the company.
- Important Locations and Subsidiaries - A list and contact details of key centers of operation and subsidiaries of the company.
- Key Competitors - A list of the key competitors of the company.
- Key Recent Developments - A brief on recent news about the company.

Reasons to Buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements
- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy
- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company
- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.
- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company
- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research
- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 7
Cairn Energy PLC, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Cairn Energy PLC, Oil & Gas Deals By Type, 2011 to YTD 2017 9
Cairn Energy PLC, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Cairn Energy PLC, Oil & Gas, Deals By Sector, 2011 to YTD 2017 11
Cairn Energy PLC, Oil & Gas, Deals Summary, 2011 to YTD 2017 12
Cairn Energy PLC, Oil & Gas, Deal Details 15
Asset Purchase 15
Capricorn Ireland To Acquire 20% Interest In LO 16/27, Offshore Ireland From Providence Resources And Sosina Exploration 15
Capricorn Ireland Completes Acquisition Of 30% Interest In FEL 2/14, Offshore Ireland From Providence Resources And Sosina Exploration 16
Europa Oil & Gas Completes Farm-Out Of 70% Interest In Licensing Option 16/19, Offshore Ireland To Capricorn Ireland 17
Cairn Energy Acquires Additional 4.5% Interest In Kraken Oil Discovery Offshore UK From First Oil 18
Capricorn Exploration Completes Acquisition Of 20% Interest In Cap Boujdour Contract Area In Aaiun Basin, Offshore Morocco, From Kosmos Energy 19
Capricorn Norge Completes Acquisition Of 20% Interest In PL378 And PL378B In Norwegian North Sea From Premier Oil For US$16 Million 20
Cairn Energy Completes Acquisition Of 35% Interest In West African Exploration Block C19, Offshore Mauritania, From Chariot Oil 21
Cairn Energy Acquires 18% Stake In PL159C In Norwegian North Sea From Statoil 22
Cairn Energy Acquires 15% Interest In Licenses P.2040 And P.2086 On UK Continental Shelf From TAQA Bratani In Swap Transaction 23
Capricorn Ireland Completes Acquisition Of 38% Interest In FEL 2/04, 4/08 And LO 11/2 From Chrysaor And Sosina 24
Capricorn Ireland Receives Approval To Acquire 38% Interest Each In Exploration Licenses FEL 2/04, FEL 4/08 And LO 11/2 In Porcupine Basin, Offshore Ireland From Chrysaor E&P Ireland And Sosina Exploration 25
Cairn Energy Completes Acquisition Of 65% Interest In Rufisque, Sangomar And Sangomar Deep Blocks, Offshore Senegal, From FAR 27
Cairn Energy Completes Acquisition Of 50% Interest In Foum Draa Block, Offshore Morocco, For US$61.5 Million 28
Agora And JX Nippon Acquire 16.5% Interest In P1763 Aragon Prospect In UK Northern North Sea From Bridge Energy 30
Agora Oil & Gas Acquires Additional 20% Interest In Tybalt Prospect From Valiant Petroleum 30
Nautical Petroleum Acquires 25% Interest In License P1756, Offshore UK From First Oil 31
EnCore Oil, Nautical Petroleum And Serica Energy Completes Acquisition Of 70% Interest In Block 15/21a In North Sea In A Swap Transaction 32
Nautical Petroleum Acquires Additional 15% Interest In UKCS License P1077 Block 9/2b And 9/2c 33
Infrastrata Sells 20% Interest In PL1/10 To Nautical Petroleum 34
Asset Transactions 35
Cairn Energy Completes Farm-Out Agreement For Sale Of 10% Interest In UK North Sea Licenses To Dyas UK 35
ConocoPhillips Completes Acquisition Of 25% Working Interest In Rufisque, Sangomar And Sangomar Deep Blocks, Offshore Senegal From Cairn Energy 36
Dyas UK To Acquire 6% Interest Each In P335 & P1758 Licenses And 80% Interest In P979 License, UK North Sea From Cairn Energy For US$45.8 Million 37
Statoil Acquires 10% Stake In Licenses P2040 And P2086 On UK Continental Shelf From Cairn Energy 38
TAQA Bratani Acquires 20% Stake In Cladhan South License P.1680 In UK North Sea From Cairn Energy In Swap Transaction 39
Melita Exploration Completes Acquisition Of 40% Interest In Offshore Malta Area 3 From Nautical Petroleum 39
EnQuest Completes Acquisition Of Additional 15% Interest In Licenses P1573 And P1574 And 10% Interest In License P1575 From Nautical Petroleum 41
Valiant Petroleum Completes Acquisition Of 10% Stake In Blocks 211/11b And 211/16b From Agora Oil & Gas 41
EnQuest Completes Acquisition Of Additional 25% Interest In Kraken Oil Discovery From Nautical Petroleum 42
DEO Petroleum, Faroe Petroleum, Maersk Oil And Atlantic Petroleum Completes Acquisition Of 30% Interest In Block 15/21g In North Sea, In A Swap Transaction 44
Statoil Acquires 30.625% Interest In Pitu License In Greenland From Cairn Energy 45
Acquisition 46
Cairn Energy Completes Sale Of 8% Stake In Cairn India For US$930 Million 46
Capricorn Energy Completes Acquisition Of Nautical Petroleum For US$642 Million 48
Cairn Energy Sells 3.5% Stake In Cairn India For US$360 Million 49
Cairn Energy Completes Acquisition Of Agora Oil & Gas For US$453 Million 51
Vedanta Resources Completes Acquisition Of Additional 40% Stake In Cairn India From Cairn Energy For US$5.5 Billion 52
Cairn Energy PLC - Key Competitors 55
Key Employees 56
Locations And Subsidiaries 57
Head Office 57
Other Locations & Subsidiaries 57
Recent Developments 59
License Awards 59
Jun 20, 2017: Cairn secures new licences in Mexico bid round 59
Jun 20, 2017: Eni Strengthens Its Presence In Mexico With Award Of 3 New Exploration & Production Blocks 60
Jun 10, 2016: Petrel Resources: Offshore Ireland Licences Accepted 61
Recent Discoveries 62
Jul 11, 2017: Cairn Energy Announces Results Of FAN South-1 Well 62
Apr 11, 2016: FAR: Gas Discovered At Bellatrix - Fourth Appraisal Well Confirmed 63
Drilling and Production Updates 65
Jul 12, 2017: Providence Resources Provides Southern Porcupine Basin Operational Update 65
Jan 19, 2016: FAR Provides Senegal Drilling Update: SNE-3 Starts Drilling 66
Financial Announcements 67
Aug 16, 2016: Cairn Energy Announces Half-Yearly Report 2016 Results 67
Mar 15, 2016: Cairn Energy Announces Final Results Of 2015 69
Other Significant Developments 78
Jul 13, 2017: SOSINA Exploration: Drilling Operations On 53/6-A Exploration well Have Commenced 78
Jul 10, 2017: Europa Oil & Gas: Commencement Of 3D Seismic Acquisition Offshore Ireland 79
Jun 28, 2017: Providence Resources Provides Operational Update Frontier Exploration License 2/14 80
Jun 26, 2017: Enquest Confirms First Oil From Kraken 81
Jun 08, 2017: FAR Response To Woodside Senegal Announcement 83
May 19, 2017: Cairn Energy Provides Annual General Meeting Chief Executive's Statement 84
May 18, 2017: Cairn Energy Announces Senegal SNE-6 Appraisal Well result 85
May 08, 2017: Europa Oil & Gas: CPR Confirms Two Significant Pre-Rift Prospects In Offshore Ireland Licence 86
Apr 27, 2017: Europa Oil & Gas: Four Significant New Prospects Identified On Offshore Ireland Licence 88
Apr 25, 2017: Europa Oil & Gas: 3D Seismic Survey For Offshore Ireland Licence 89
Apr 12, 2017: Providence Resources Provides 2016 Annual Results - Significant Operational & Financial Progress In 2016 Drilling Set To Commence In Summer 2017 90
Apr 06, 2017: Cairn Energy: Senegal Appraisal & Exploration Well Result 96
Mar 07, 2017: Cairn Energy reports Senegal appraisal well result 98
Feb 23, 2017: Cairn Energy appoints director of exploration 100
Jan 23, 2017: Far Announces SNE-5 Starts Drilling 101
Jan 17, 2017: Cairn Energy Announces Pre-close Update 103
Jan 10, 2017: Cairn Energy appoints independent non-executive director 105
Sep 01, 2016: Far: SNE Oil Field Commercial Viability Confirmed 106
Jul 12, 2016: Cairn Energy Claims $5.6bn Compensation From India In Tax Dispute 107
May 19, 2016: Cairn Announces Senegal Appraisal Well Result 108
Apr 18, 2016: FAR spuds SNE-4 appraisal well 109
Apr 11, 2016: Cairn Energy Positive Well Results Offshore Senegal Fourth Well To Commence Shortly 111
Mar 09, 2016: Cairn: Second Successful Senegal Appraisal Well 112
Jan 29, 2016: FAR Announces Quarterly Activities Report For The Period Ended 31st December 2015 113
Jan 29, 2016: Providence Resources Provides Technical Update On Frontier Exploration Licence 1/14, Northern Porcupine Basin 117
Jan 17, 2016: Cairn Energy Announces Pre-Close Update: 19 January 2016 118
Jan 04, 2016: Cairn Energy completes testing of Senegal appraisal well 120
New Contracts Announcements 121
Jun 30, 2017: Cairn Energy Chooses Lloyd's Register For Field Development Surveys Offshore Senegal 121
May 15, 2017: Newpark Resources Announces Two International Fluids Contract Awards 123
Appendix 124
Methodology 124
About GlobalData 124
Contact Us 124
Disclaimer 124

List of Tables
Cairn Energy PLC, Oil & Gas, Key Facts, 2016 1
Cairn Energy PLC, Oil & Gas, Deals Summary, 2011 to YTD 2017 1
Cairn Energy PLC, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Cairn Energy PLC, Oil & Gas Deals By Type, 2011 to YTD 2017 9
Cairn Energy PLC, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Cairn Energy PLC, Deals By Sector, 2011 to YTD 2017 11
Cairn Energy PLC, Oil & Gas, Deals Summary, 2011 to YTD 2017 12
Capricorn Ireland To Acquire 20% Interest In LO 16/27, Offshore Ireland From Providence Resources And Sosina Exploration 15
Capricorn Ireland Completes Acquisition Of 30% Interest In FEL 2/14, Offshore Ireland From Providence Resources And Sosina Exploration 16
Europa Oil & Gas Completes Farm-Out Of 70% Interest In Licensing Option 16/19, Offshore Ireland To Capricorn Ireland 17
Cairn Energy Acquires Additional 4.5% Interest In Kraken Oil Discovery Offshore UK From First Oil 18
Capricorn Exploration Completes Acquisition Of 20% Interest In Cap Boujdour Contract Area In Aaiun Basin, Offshore Morocco, From Kosmos Energy 19
Capricorn Norge Completes Acquisition Of 20% Interest In PL378 And PL378B In Norwegian North Sea From Premier Oil For US$16 Million 20
Cairn Energy Completes Acquisition Of 35% Interest In West African Exploration Block C19, Offshore Mauritania, From Chariot Oil 21
Cairn Energy Acquires 18% Stake In PL159C In Norwegian North Sea From Statoil 22
Cairn Energy Acquires 15% Interest In Licenses P.2040 And P.2086 On UK Continental Shelf From TAQA Bratani In Swap Transaction 23
Capricorn Ireland Completes Acquisition Of 38% Interest In FEL 2/04, 4/08 And LO 11/2 From Chrysaor And Sosina 24
Capricorn Ireland Receives Approval To Acquire 38% Interest Each In Exploration Licenses FEL 2/04, FEL 4/08 And LO 11/2 In Porcupine Basin, Offshore Ireland From Chrysaor E&P Ireland And Sosina Exploration 25
Cairn Energy Completes Acquisition Of 65% Interest In Rufisque, Sangomar And Sangomar Deep Blocks, Offshore Senegal, From FAR 27
Cairn Energy Completes Acquisition Of 50% Interest In Foum Draa Block, Offshore Morocco, For US$61.5 Million 28
Agora And JX Nippon Acquire 16.5% Interest In P1763 Aragon Prospect In UK Northern North Sea From Bridge Energy 30
Agora Oil & Gas Acquires Additional 20% Interest In Tybalt Prospect From Valiant Petroleum 30
Nautical Petroleum Acquires 25% Interest In License P1756, Offshore UK From First Oil 31
EnCore Oil, Nautical Petroleum And Serica Energy Completes Acquisition Of 70% Interest In Block 15/21a In North Sea In A Swap Transaction 32
Nautical Petroleum Acquires Additional 15% Interest In UKCS License P1077 Block 9/2b And 9/2c 33
Infrastrata Sells 20% Interest In PL1/10 To Nautical Petroleum 34
Cairn Energy Completes Farm-Out Agreement For Sale Of 10% Interest In UK North Sea Licenses To Dyas UK 35
ConocoPhillips Completes Acquisition Of 25% Working Interest In Rufisque, Sangomar And Sangomar Deep Blocks, Offshore Senegal From Cairn Energy 36
Dyas UK To Acquire 6% Interest Each In P335 & P1758 Licenses And 80% Interest In P979 License, UK North Sea From Cairn Energy For US$45.8 Million 37
Statoil Acquires 10% Stake In Licenses P2040 And P2086 On UK Continental Shelf From Cairn Energy 38
TAQA Bratani Acquires 20% Stake In Cladhan South License P.1680 In UK North Sea From Cairn Energy In Swap Transaction 39
Melita Exploration Completes Acquisition Of 40% Interest In Offshore Malta Area 3 From Nautical Petroleum 39
EnQuest Completes Acquisition Of Additional 15% Interest In Licenses P1573 And P1574 And 10% Interest In License P1575 From Nautical Petroleum 41
Valiant Petroleum Completes Acquisition Of 10% Stake In Blocks 211/11b And 211/16b From Agora Oil & Gas 41
EnQuest Completes Acquisition Of Additional 25% Interest In Kraken Oil Discovery From Nautical Petroleum 42
DEO Petroleum, Faroe Petroleum, Maersk Oil And Atlantic Petroleum Completes Acquisition Of 30% Interest In Block 15/21g In North Sea, In A Swap Transaction 44
Statoil Acquires 30.625% Interest In Pitu License In Greenland From Cairn Energy 45
Cairn Energy Completes Sale Of 8% Stake In Cairn India For US$930 Million 46
Capricorn Energy Completes Acquisition Of Nautical Petroleum For US$642 Million 48
Cairn Energy Sells 3.5% Stake In Cairn India For US$360 Million 49
Cairn Energy Completes Acquisition Of Agora Oil & Gas For US$453 Million 51
Vedanta Resources Completes Acquisition Of Additional 40% Stake In Cairn India From Cairn Energy For US$5.5 Billion 52
Cairn Energy PLC, Key Competitors 55
Cairn Energy PLC, Key Employees 56
Cairn Energy PLC, Other Locations 57
Cairn Energy PLC, Subsidiaries 57

List of Figures
Cairn Energy PLC, Oil & Gas, Deals by Type, 2011 to YTD 2017 1
Cairn Energy PLC, Oil & Gas, Deals By Year, 2011 to YTD 2017 1
Cairn Energy PLC, Oil & Gas, Deals By Region, 2011 to YTD 2017 1
Cairn Energy PLC, Oil & Gas, Deals By Sector, 2011 to YTD 2017 1
Cairn Energy PLC, Oil & Gas, Deals By Year, 2011 to YTD 2017 8
Cairn Energy PLC, Oil & Gas, Deals by Type, 2011 to YTD 2017 9
Cairn Energy PLC, Oil & Gas, Deals By Region, 2011 to YTD 2017 10
Cairn Energy PLC, Oil & Gas, Deals by Sector, 2011 to YTD 2017 11


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