“It’s about as good an outcome as we could have expected in our first season of drilling,” Mike Watts, Cairn’s exploration director, told an industry conference.
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Cairn prepared to gamble $1.2bn on Greenland oil drill
The man who led Cairn Energy’s hugely successful hunt for oil in India said it had made a great start to its drilling campaign in Greenland, on which it might gamble $1.2 billion (£756 million).
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