document: Further to DEA 15 Mar â18, Cairn has now signed a 30-year PSC for block 61, 13,000 sq km on the Demerara Plateau, eastern offshore in WD 60-1,100m, on 26 Jun â18. The block had been preliminarily assigned in 1Q â18, presumably under the open door 2017 offer by Staatsolie. Commitments include 2D seismic + drilling in the explo phase. Staatsolie is entitled to a 20% stake in devt + production. The block outline has yet to be officially published.
summary: Cairn has now signed a 30-year PSC for block 61, 13,000 sq km on the Demerara Plateau, eastern offshore in WD 60-1,100m,