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Cairn Energy to drill three offshore wells in 2019

Bnamericas Published: Tuesday, March 12, 2019
Cairn Energy to drill three offshore wells in 2019

In its final results presentation, UK operator Cairn Energy highlighted the beginning of its four-well exploration program in Mexico with the drilling of three wells in 2019.

Two of these wells are in area 9 of the Cuencas del Sureste basin which Cairn Energy won in licensing round 2.1, held in June 2017, through its subsidiary Capricorn Energy in consortium with Mexican Citla Energy. Area 9 is operated by Cairn with a 65% share.

One well is planned to target the Alom prospect at 140m depth with estimated net reserves of 140Mboe. The other well will target the Bitol prospect in 180m depth with estimated net reserves of 115Mboe. Both will be spudded in 3Q19.

A third well planned for the third quarter is in area 7 of the same basin. Area 7 is operated by Italian energy firm Eni while Cairn holds 30% and Citla 25%. The 438m well will target estimated net reserves of 60Mboe. Another well is planned for area 7 at a later date.

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