Full Description

Cairn Energy PLC (Cairn) is an oil and gas exploration and production company. The Company operates in two business units; the Capricorn Group, being Capricorn Oil Limited and its subsidiary undertakings, and the Cairn India Group. It had three operating segments. Cairn India Limited Group’s operations are primarily within India. Capricorn Group’s operations focus on new exploration activities in Greenland and the Mediterranean. The Capricorn Group also includes the Company's interests in Bangladesh and Nepal and a share in certain North Indian assets operated by Cairn India Limited. Cairn Energy PLC operates through Cairn UK Holdings Limited, an intermediate holding company and direct parent of Cairn India Limited, and Cairn Energy PLC. The Company holds a 65% interest in Cairn India. Capricorn’s core assets are in Greenland, South Asia and the Mediterranean. Capricorn is a 90% subsidiary of the Company.