Cairn hits dust with Ekland well in North Sea, farms out Chimera

Cairn Energy news
Cairn Energy news

Scottish oil firm Cairn Energy said today that its first operated exploration well in the UK North Sea had come up dry.

The Ekland prospect “failed to encounter commercial hydrocarbons and has been plugged and abandoned”, Edinburgh-headquartered Cairn said.

The field is located near the Montrose area of the central North Sea.

Cairn holds a 45% stake in Ekland, Zennor Petroleum has 30% and Petrogas International has 25%.

But Cairn was one of the partners in the Agar-Plantain discovery, also announced today.

Meanwhile, Cairn has agreed to farm out a 40% non-operated interest in licence P2312, which contains the UK North Sea Chimera prospect.

The company currently owns 100% of Chimera, which is targeting 154 million barrels of oil equivalent.

The field is located east of Shetland, near the Ninian field.

Cairn did not identify the buyer.