Cairn's exchange of a non-operating 50% stake with Shell in so far wholly-owned P2379 (Diadem prospect) in return for 50% in Shellâs P2380 (Jaws prospect) was completed on 23 Jun '20, having been agreed in March. Partnership becomes 50:50 in both:
United Kingdom (Central Graben Province), Cairn confirmed in its full year announcement in March 2020 that it had agreed an asset exchange agreement with Shell involving two licences P2379 (blocks 22/11b, 22/12b, 22/16b and 22/17c) and P2380 (block 22/12d). 