Cairn Energy Secures New Licenses in Mexico Bid Round
June 20 2017 - 2:44AM
Dow Jones News
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.
Capricorn Energy (PK) (USOTC:CRNCY)
Historical Stock Chart
From Sep 2024 to Oct 2024
Capricorn Energy (PK) (USOTC:CRNCY)
Historical Stock Chart
From Oct 2023 to Oct 2024