UK independent Cairn Energy plans to spend around $170 million on exploration and appraisal work this year as part of a capital expenditure programme that is expected to total $305 million.
The $135 million of development expenditure by the Edinburgh-based company will be spent on its non-operated Kraken and Catcher developments off the UK, the non-operated Nova development off Norway and pre-financial investment decision costs at the SNE field off Senegal.
