Business & Leadership

Cairn PLC Targets Nicaraguan Oil


Cairn Energy PLC has registered and qualified, though a local subsidiary, as a non-operator contractor for oil and gas operations in Nicaragua, all in accordance to Nicaragua’s law and regulation on the exploration and exploitation of hydrocarbons.

 

Cairn Energy PLC is one of Europe's leading independent oil and gas exploration and development companies, founded in 1981 and listed on the London Stock Exchange for almost 30 years; with headquarters in Edinburgh and offices in London, Norway, Senegal and Mexico.

 

García & Bodán acted as legal counsel to Cairn Energy. Representation included coordination, revision, formalization and filing of registration, qualification and submission documents, including legal, technical and financial documentation and information to the ministry of energy and mines of Nicaragua (MEM); as well as subsequent meetings with MEM legal counsel and coordination with legal adviser and with commercial advisor (New Ventures) for Cairn Energy PLC; all in connection to the formal qualification process.

 

In addition, the firm provided counsel in connection to the preparation, negotiation, revision and execution of the contracts required to formalize a farmout agreement with Equinor ASA, previously identified as Statoil, a Norwegian multinational energy company with operations in more than 30 countries worldwide.

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