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Cairn Energy… has made its fourth oil discovery in seven months

The Times: Need to know: “Cairn Energy… has made its fourth oil discovery in seven months at the western Indian exploration block that it bought from Shell two years ago for just £3.9 million.”

11 August 04

Cairn Energy, the Edinburgh oil and gas company, has made its fourth oil discovery in seven months at the western Indian exploration block that it bought from Shell two years ago for just £3.9 million.

Royal Dutch/Shell and BP, the oil giants, said they were considering opportunities to conduct research on two of Iraq’s biggest oilfields.

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