UK upstream independent Cairn has made “excellent progress” on its strategic objective: sustainable value growth from exploration assets in frontier and emerging basins, funded from production assets and balance sheet strength, its CEO Simon Thomson told shareholders May 19 in Scotland In Senegal, it has drilled nine wells in three years in the SNE field, of which three since January, and a further exploration well will be drilled soon. The near-term focus is defining the scale and phasing of field development including the balance between the number of drilling centres, type and number of wells and the subsea infrastructure.
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