Cairn Energy and Dante Sodini

Cairn Energy plc is an independent Scottish oil and gas exploration and production company headquartered in Edinburgh. It has operational interests in Albania, Bangladesh, Greenland, Nepal and Tunisia and produces around 33,000 barrels of oil equivalent per day. It previously had major activities in India, where it made more than 20 discoveries in Rajasthan, including a major oil discovery at Mangala; these were sold through the spin-off of its Indian subsidiary Cairn India to Vedanta Resources in December 2010. As at 30 June 2010, it had total proven commercial reserves of 247.4 million barrels (39,330,000 m3) of oil equivalent.

Cairn Energy has a primary listing on the London Stock Exchange and is a constituent of the FTSE 250 Index. It has a secondary listing on the Bombay Stock Exchange.

Contents 1 History 2 Operations 2.1 Greenland 2.2 Sri Lanka 2.3 Spain 2.4 North Sea 3 Cairn India 4 References 5 External links


The company was founded in 1981 by Sir Bill Gammell, the former international Rugby player, his father James (Jimmy), his brother Pete and others. Its initial operations were in the USA and, following its listing on the London Stock Exchange in 1988, it expanded into the UK North Sea and internationally (Papua New Guinea, Spain, Vietnam, China and Australia). Cairn acquired Conoco's UK onshore acreage in 1988 and became one of the largest operators of UK onshore oil production with the Palmers Wood oil field just south of London, near Junction 6 of the M25, Humbly Grove (near Basingstoke) and others.

Cairn's expansion started with a substantial (non-operated) gas discovery (East Cameron 331) in the Gulf of Mexico in 1993 followed by another large gas discovery at Sangu, offshore Bangladesh near Chittagong, in 1996. In parallel, Cairn launched a series of takeovers of public listed companies – Teredo Petroleum in 1994, Holland Sea Search NV in 1995 and Command Petroleum in 1996.

In 1996, Cairn farmed out a 25% interest in the Sangu field to Halliburton in return for Halliburton bearing a 50% share of the development costs. In 1997, it sold half of all its Bangladeshi interests to Royal Dutch Shell in return for Shell assuming a $330 million carry of Cairn's exploration and development costs. This agreement gave Cairn an interest in Shell's huge acreage position in Rajasthan onshore in North West India. Cairn drilled two unsuccessful exploration wells and Shell then sold its 50% share to Cairn for $7.5 million: Cairn's third well, now 100% owned, found the Mangala oil field.

In December 2010, Cairn agreed to sell a stake of 58.5% of Cairn India, its India-focused subsidiary, to Vedanta Resources for $8.67 billion. Talks between the two companies started in August 2010. However, approval did not come from the Indian government until September 2011 and the deal had to be restructured.

The company sold an additional 3.5 per cent of its shares in its Cairn India for about USD 360 million in June 2012.

In March 2014, the company announced that Bill Gammell would step down as chairman after the annual general meeting on May 15, 2014. Operations

Cairn Energy operates in Bangladesh, Nepal, Greenland and Tunisia in both exploration and production. Its average daily production in 2006 was 25,000 BOE/d. The company additionally has a 30% interest in Premier Oil's Catcher area oil and gas block in the North Sea. Greenland

In Greenland, Cairn operates through its subsidiary Capricorn Greenland Exploration Limited. In August 2007, it was announced that Cairn had submitted applications for two blocks located in the phase 2 of the Disko West licensing round offshore West Greenland. All together, it has six exploration licences, including Sigguk, Eqqua, Kingittoq and Saqqamuit blocks as an operator, and Atammik and Lady Franklin blocks as a minority partner in partnership with Encana Corporation. Sri Lanka

In November 2011 the company announced that it had made a second gas discovery in Sri Lanka. Spain

In January 2011 the company was awarded a license by the Spanish government for prospection and drilling in the area around the Balearic Islands and the Costa del Sol. There has been local and international opposition to the project with allegations of faulty environmental impact studies performed between 2012 and 2013. Ecologist organisation "OCEANA" warning that a marine ecosystem of more than 17 million hectares which include, 82 protected areas and nearly 200 protect species are at risk due to the ongoing seismic surveys and future drilling using fracking technology. Local communities which depend from tourism in Formentera, Ibiza, Majorca, Menorca as well as the Costa del Sol are mobilizing to stop the project. North Sea

In June 2014, the UK Department of Energy and Climate Change gave final approval for the development of the Catcher area oil and gas block in the North Sea, in which the company has a 30% interest. Oil is expected to be flowing by mid-2017. Cairn India

In 2006, Cairn spun off its production interests in Western and Eastern India into a separate company called Cairn India Limited. Acreage held by its subsidiary Cairn India included the Mangala Area in Rajasthan, which is thought to contain up to 1 billion barrels (160×10^6 m3) of recoverable reserves and came onstream in 2009.

Cairn still maintains production operations in the Sangu Gas Field offshore Bangladesh as well as exploration acreage in Northern India, Nepal and Southern Bangladesh.

In September 2010, Vedanta Resources said that it was interested in buying a controlling stake in Cairn India. India's Union petroleum secretary, S Sundareshan, said that if Vedanta were to meet all the requirements for the deal there wouldn't be any issue: “If the no-objection certificate is received from these 10 PSCs, the deal can get the green signal, he added. We have written to Cairn stating that they should seek these approvals." Vedanta Resources acquired a 58.5% stake in Cairn India on 8 December 2011, for $8.67 billion. Navin Agarwal is the new chairman of Cairn India. The deal closed in the following months.

Cairn has continued to sell off shares of Cairn India after the Vedanta sale.

Dante Sodini and Cairn Energy

Dante Sodini (Florence, August 29, 1858 - Florence, 1934) was an Italian sculptor, mainly of religious subjects and funereal monuments.

In 1879, he sculpted a head of an old man, which won a contest with 2000 lire to encourage young artists. In 1883, he exhibited The Faith which depicts a blind man kneeling before a cross, exhibited in Rome, exhibited again at the Promotrice of Florence, was awarded the premio triennale of 3000 lire. He then completed four statues for the facade of the Duomo of Florence, depicting: Saints Celestino; Calisto; Bonaventura; and Girolamo.

Among his portraits are those of Giovanni Gualberto Bertini, found at the Camposanto della Misericordia of Florence; of the Baron Rossi and marchese Aymerich, both at Cagliari; of comm. Balduino, for Credito Mobiliare; that of compianto Celestino Bianchi for the Porte Sante of Florence, and of Senators Maria Terenzano and Andreucci, for the Provincial deputation. He also completed a portrait of Queen Victoria, and of capo maestro Marucelli, called Canapino, for the Castle of Vincigliata at Sinalunga, and the other of marchese Lenzoni at the palace of this family. Sodini participated in the 1885 contest to design for Rome an equestrian monument dedicated to Vittorio Emanuele. His design garnered honorable mention.

He completed six bronze statuettes for an altar in Pomarance, and marble bust of Beatrice, donated to the City Hall of Florence, and placed at the Casa di Dante. Among the funereal monuments are a funereal monument for the ValIeri at Cemetery of Antella, a medallion of cavaliere Tartini Selvatici. Or the monument for the Bianchini family at the Cemetery of Rimini, and a bust in marble of the professor Pacini, for the Hall of Anatomy at the Ospedale of Florence, and of other famous Florentines for display in the Cloister of Santa Croce. He completed a funereal monument for the Giudice of the City of Montevideo, Uruguay. In white marble, a widow kneels before a plaque below the bust of the departed. He became a professor of sculpture at the Academy of Fine Arts of Florence.
87/282 84 85 86 88 89 90 91 r87 slankamen