
Capricorn Energy has explored, discovered, developed and produced oil and gas in a variety of locations throughout the world with more than 20 years’ experience as operator and partner in all stages of the oil and gas lifecycle. Cairn is listed on the London Stock Exchange with its headquarters in Edinburgh and offices in London, Senegal and Mexico.
Capricorn have established operations in UK, Mexico, Suriname, Côte d’Ivoire and Israel and in March 2021 the company announced the proposed acquisition of production, development and exploration interests in the Western Desert, Egypt
Reserves
After accounting for production in the period, Group 2P reserves increased during 2019 by 86 mmboe from 56 mmboe to 142 mmboe, following promotion of the Sangomar phase 1 contingent resources to reserves (+91.4 mmboe), increases on the main Catcher (+1.9 mmboe) and Kraken (+6.4 mmboe) fields and movement of Worcester (+1.5 mmboe) and Catcher satellites (+0.8 mmboe) from Contingent Resources to Reserves following JV commitment to these incremental projects.
Production
Net oil production averaged just over 21,000 bopd in 2020, in line with guidance (2019: 23,000 bopd).
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