Cairn Energy PLC (CNE)

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Company Description

Cairn Energy PLC was incorporated on January 7, 2002. The Company, along with its subsidiaries, is engaged in the development, production and exploration of oil and gas. The operations of the Group are organised based on geographical regions within either the frontier exploration or mature basin categories. The Group's frontier exploration activities currently focus on the Atlantic Margin and the Mediterranean. The Atlantic Margin comprises two operating segments: the North Atlantic, with assets in Greenland and Republic of Ireland, and Africa, which includes Cairn's interests in Morocco, Senegal and Mauritania. The Group's current operated multi-well exploration drilling programme, which commenced in 2013 and will continue through 2014, includes exploration drilling offshore Morocco, Senegal and Republic of Ireland. The mature basin assets are held in one operating segment in the UK and Norwegian North Sea. This segment includes the Catcher and Skarfjell fields held in intangible exploration/appraisal assets and the Kraken field, now included in property, plant & equipment - development/producing assets...

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