CAIRN Energy has said it plans to start exploration drilling off Morocco this year, in spite of the attack on an oil and gas installation in neighbouring Algeria in which six Britons are thought to have died.
CAIRN Energy has said it plans to start exploration drilling off Morocco this year, in spite of the attack on an oil and gas installation in neighbouring Algeria in which six Britons are thought to have died.
STRATEGY: Cairn chief executive Simon Thomson, centre, seeks to balance exploration with lower-risk activity in UK and Norwegian waters.
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MARK WILLIAMSON
The Edinburgh-based company also expects to resume drilling off Greenland, with a well targeted for next year.
In an update – in which it held out the prospect of big investment in the North Sea – Cairn said it is preparing to start work in what could be a long drilling campaign off Morocco.
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