Following the acquisition of Shell’s interests in Bangladesh and against a backdrop of increasing domestic demand for gas, a successful work over program was completed at Sangu in early 2004. Cairn discovered and developed the producing Sangu gas field offshore Chittagong during the 1990s. As part of the transaction to acquire Shell’s upstream interests in Bangladesh, Cairn will increase its interest in Sangu to 75%and in Blocks 5 and 10 to 90%...
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As part of the transaction to acquire Shell’s upstream interests in Bangladesh, Cairn will increase its interest in Sangu to 75%and in Blocks 5 and 10 to 90%.Cairn will also assume operatorship of these assets. Due to its lack of skilled national personnel, the Cairn Energy relies almost entirely on expatriate workforces from all over the world...
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