{"id":396650,"date":"2021-01-21T15:55:35","date_gmt":"2021-01-21T10:25:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396650"},"modified":"2021-01-21T15:55:35","modified_gmt":"2021-01-21T10:25:35","slug":"cairn-energy-to-spend-85-million-in-2021-ends-2020-with-570-million-cash","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-energy-to-spend-85-million-in-2021-ends-2020-with-570-million-cash\/","title":{"rendered":"Cairn Energy to spend $85 million in 2021, ends 2020 with $570 million cash"},"content":{"rendered":"<p>Cairn Energy plans to spend around $85 million this year with the bulk going to the exploration and appraisal of wells in Britain and Mexico, it said on Wednesday, after ending 2020 sitting on a cash pile of $570 million.<\/p>\n<p>With regard to its winning an arbitration case last month against India for over $1.2 billion, Cairn&#8217;s Chief Executive Simon Thomson said that Cairn was &#8220;well-positioned to be opportunistic in the current market as it seeks to diversify and grow its production base.&#8221;<\/p>\n<p>Cairn, which forecasts to produce 16,000-19,000 barrels per day this year, said it was engaging with the government of India over the payment of the award.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairn Energy plans to spend around $85 million this year with the bulk going to the exploration and appraisal of wells in Britain and Mexico, it said on Wednesday, after ending 2020 sitting on a cash pile of $570 million. With regard to its winning an arbitration case last month against India for over $1.2 billion, Cairn&#8217;s Chief Executive Simon Thomson said that Cairn was &#8220;well-positioned to be opportunistic in the current market as it seeks to diversify and grow its production base.&#8221; Cairn, which forecasts to produce 16,000-19,000 barrels per day this year, said it was engaging with the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-396650","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=396650"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396650\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}