Cairn pumps cash into Sangu
CAIRN Energy plans to invest nearly $9.5 million (£5.4m) to try to find more natural gas at Bangladesh's only offshore field at Sangu, which may be commercially exhausted by the end of next year, a senior energy official said yesterday.
A representative from state-owned Petrobangla said the Edinburgh company had submitted a proposal to extend production from the field until 2011. Cairn has invested about $1 billion in Bangladesh, including nearly $600m in Sangu.
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Weather for Edinburgh
Thursday 16 February 2012
Today
Cloudy
Temperature: 5 C to 10 C
Wind Speed: 21 mph
Wind direction: South west
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