Cairn Energy Secures New Licenses in Mexico Bid Round
20 Junio 2017 - 1:44AM
Noticias Dow Jones
LONDON--Cairn Energy PLC (CNE.LN) has secured interests in two
licenses in the Mexico offshore bid round.
The oil and gas exploration and development company said Tuesday
the licenses were secured by its subsidiary Capricorn Energy Ltd.,
with the Production Sharing Contracts scheduled to be signed later
this year with the Government of Mexico. The contract awards are
subject to the final approval of the authorities.
Cairn said it anticipates exploration drilling to commence in
the 2019-2020 period on both blocks.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
June 20, 2017 02:29 ET (06:29 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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