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New oil rights for Cairn India
CAIRN India, the oil & gas firm controlled by Edinburgh-based Cairn Energy, has been awarded a new exploration prospect off the coast of Sri Lanka.
Cairn said the government of Sri Lanka had awarded it exploration rights for a large block in the Mannar Basin, off north-west Sri Lanka, covering 3,400 square kilometres at depths of between 200m and 1,800m.
Cairn Energy floated its Indian business in January last year, but retained a stake of 65 per cent in the new company.
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Weather for Edinburgh
Friday 25 May 2012
Today
Sunny spells
Temperature: 9 C to 20 C
Wind Speed: 15 mph
Wind direction: East
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Sunny
Temperature: 8 C to 20 C
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