Cairn focuses on Greenland after Indian sell-off

first_img Tags: NULL Cairn focuses on Greenland after Indian sell-off whatsapp INVESTORS will seek signs that Cairn Energy can repeat its Indian success in Greenland when the oil explorer unveils half-year results tomorrow.Cairn, which is selling most of its stake in Indian business Cairn India to miner Vedanta Resources for up to $9.6bn (£6.16bn), is tipped to update the market on drilling two offshore wells in Greenland.Cairn, which will keep up to a fifth of Cairn India, is focusing on new areas after its success in Rajasthan, which transformed the firm.Broker UBS said: “We believe Cairn will update on the progress of both wells, whether they have reached target depth or not.” KCS-content Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼ whatsapp Sunday 22 August 2010 9:59 pmlast_img