company traded as lse cne industry oil and gas founded 1981 headquarters edinburgh scotland key people iain tyler chairman simon thomson ceo products petroleum natural gas and other petrochemicals revenue 0 million 2015 1 operating income 178.7 million 2015 1 net income 515.5 million 2015 1 website www.cairnenergy.com cairn energy plc is one of europe s leading independent oil and gas exploration and development companies and is listed on the london stock exchange . cairn has discovered and developed oil and gas reserves in a variety of locations around the world . contents 1 operations 2 history 3 references 4 external links operations edit cairn s business operations are now focused on frontier exploration acreage in north west europe north west africa north atlantic and mediterranean underpinned by interests in development assets in the north sea . cairn has its headquarters in edinburgh scotland supported by operational offices in london norway and senegal . thank you for information . history edit the company was founded in 1981 by sir bill gammell the former international rugby player his father james jimmy his brother pete and others . its initial operations were in the usa and following its listing on the london stock exchange in 1988 it expanded into the uk north sea and internationally papua new guinea spain vietnam china and australia . cairn acquired conoco s uk onshore acreage in 1988 and became one of the largest operators of uk onshore oil production with the palmers wood oil field just south of london near junction 6 of the m25 2 humbly grove near basingstoke and others . cairn s expansion started with a substantial non operated gas discovery east cameron 331 in the gulf of mexico in 1993 followed by another large gas discovery at sangu offshore bangladesh near chittagong in 1996 . 3 in parallel cairn launched a series of takeovers of public listed companies teredo petroleum in 1994 4 holland sea search nv in 1995 5 and command petroleum in 1996 . 6 in 1996 cairn farmed out a 25 % interest in the sangu field to halliburton in return for halliburton bearing a 50 % share of the development costs . 7 in 1997 it sold half of all its bangladeshi interests to royal dutch shell in return for shell assuming a 330 million carry of cairn s exploration and development costs . 8 this agreement gave cairn an interest in shell s huge acreage position in rajasthan onshore in north west india . cairn drilled two unsuccessful exploration wells and shell then sold its 50 % share to cairn for 7.5 million cairn s third well now 100 % owned found the mangala oil field . 9 cairn energy offices in lothian road edinburgh in december 2010 cairn agreed to sell a stake of 58.5 % of cairn india its india focused subsidiary to vedanta resources for 8.67 billion . 10 talks between the two companies started in august 2010 . 11 however approval did not come from the indian government until september 2011 and the deal had to be restructured . 12 the company sold an additional 3.5 per cent of its shares in its cairn india for about usd 360 million in june 2012 . 13 in march 2014 the company announced that bill gammell would step down as chairman after the annual general meeting on 15 may 2014 . 14 references edit a b c preliminary results 2015 pdf . cairn energy plc. retrieved 29 march 2016 . onshore oil and gas discoveries 1983 2000 national archives conclusion of successful sangu drilling programme pr newswire 1996 michael seymour biography ft.com presentation to the scottish oil club by dr. mike watts of cairn energy titled building a business in south asia scottish oil club november 2004 oilex seeks a passage to india daily mail 21 august 2006 alliance to produce gas off bangladesh oil & gas journal 5 august 1996 shell joins cairn energy in natural gas projects in bangladesh india journal record 1 may 1997 cairn s oil find in mangala to reduce india s import bill financial express 14 november 2008 vedanta shareholders approve deal with cairn economic times . indiatimes . new delhi . 14 december 2010 . retrieved 29 september 2012 . vedanta agrees to buy cairn india stake . upstream online . nhst media group . 16 august 2010 . retrieved 5 september 2010 . lamont james 14 september 2011 . cairn progresses in sale of 6.5 bn stake ft.com . financial times . new delhi . retrieved 29 september 2012 . cairn energy sells 3.5 % india arm stake . 29 june 2012 . sir bill gammell stepping down from cairn energy . oil patch asia . retrieved 5 march 2014 . external links edit companies portal official website v t e energy in the united kingdom companies coal anglo american asia energy bhp billiton enrc glencore rio tinto uk coal oil and gas integrated bg group bp royal dutch shell exploration and production afren bhp billiton cairn energy centrica dana petroleum desire petroleum emerald energy enquest essar energy falkland oil and gas hardy oil and gas jkx oil & gas melrose resources ophir energy perenco premier oil regal petroleum rockhopper exploration soco international star energy tullow oil supply greenergy murco petroleum support abbot group amec ensco expro hunting petrofac qserv score group weir group westerngeco1 wood group utilities generation and supply integrated centrica edf energy1 e.on uk1 rwe npower1 scottish power1 sse generation drax group falck renewables horizon nuclear power1 international power vattenfall united kingdom1 vedanta resources supply the co operative energy ecotricity esb international extra energy firmus energy first utility good energy green energy loco2 energy opus energy ovo energy phoenix natural gas telecom plus distribution electricity electricity north west1 northern powergrid1 sp energy networks1 sse power distribution uk power networks1 western power distribution1 gas firmus energy national grid northern gas networks phoenix natural gas sgn wales & west utilities1 transmission electricity national grid2 scottish hydro electric transmission sp energy networks1 gas national grid other aggreko apx group aquamarine power ecogen enserve geothermal engineering hi gen power mark group wavegen companies with headquarters and or registered office in the uk but no applicable energy operations within the country shown in italics 1ultimate parent company is not uk based 2integrated in the united states no generation or supply activities in the uk energy sources coal coal authority coal fired power stations coal mines coal mining regions confederation of uk coal producers greenhouse gas emissions history miners strike national coal board open pit coal mining electricity association of electricity producers britned east west interconnector energy switching services economy 7 economy 10 electricity billing green electricity grid trade master agreement hvdc cross channel hvdc moyle hvdc norway uk isle of man to england interconnector national grid control reserve service new electricity trading arrangements power stations timeline of the electricity supply industry nuclear advanced gas cooled reactor franco british nuclear forum magnox national nuclear laboratory nuclear decommissioning authority nuclear liabilities fund nuclear power stations office for nuclear regulation sellafield united kingdom atomic energy authority oil and gas bbl pipeline dash for gas forties pipeline system fuel protests gas infrastructure greenhouse gas emissions hydrocarbon oil duty oil and gas authority national transmission system natural gas fields natural gas fired power stations north sea oil oil & gas uk oil fields oil fired power stations oil infrastructure oil refineries petroleum revenue tax renewables biofuels biodiesel biofuel power stations national non food crops centre renewable fuels agency renewable transport fuel obligation geothermal geothermal power stations hydroelectricity hydroelectric power stations severn barrage wave farms solar power wind power list of offshore wind farms list of onshore wind farms north sea offshore grid wind power in scotland government and regulation organisations carbon trust cenex committee on climate change department of energy and climate change department for environment food and rural affairs energy saving trust environment agency office of gas and electricity markets legislation and initiatives carbon emission reduction target climate change act 2008 climate change agreement climate change levy climate change and sustainable energy act 2006 crc energy efficiency scheme display energy certificate energy act 2013 energy performance certificate fossil fuel levy low carbon building programme national industrial symbiosis programme non fossil fuel obligation planning act 2008 renewable heat incentive renewables obligation united kingdom climate change programme non governmental organisations charities and pressure groups ashden award bioregional campaign against climate change centre for alternative technology national energy action stop climate chaos tyndall centre industry bodies combined heat and power association energy institute energy networks association energy retail association green power forum renewableuk utilities intermediaries association research centre for renewable energy systems technology energy technologies institute hadley centre for climate prediction and research narec oil depletion analysis centre uk energy research centre energy conservation association for the conservation of energy british energy efficiency federation close the door campaign code for sustainable homes double glazing & conservatory ombudsman scheme ecohomes energy efficiency in british housing energy saving trust energy saving trust recommended greenhouse gas emissions htb national home energy rating category commons v t e ftse 100 ftse 250 companies of the united kingdom 3i infrastructure aa aberdeen asset management aberforth smaller companies trust acacia mining aggreko aldermore group alliance trust allied minds amec foster wheeler ao world ascential ashmore group assura atkins auto trader group aveva balfour beatty bankers investment trust barr a.g. bba aviation beazley group bellway berendsen berkeley group holdings bank of georgia bh macro big yellow group b & m european retail value bodycote booker group bovis homes group brewin dolphin holdings british empire trust britvic brown n. btg plc cairn energy caledonia investments capital & counties properties card factory carillion centamin cineworld city of london investment trust clarkson close brothers group cls holdings cmc markets cobham computacenter countryside properties countrywide cranswick crest nicholson cybg daejan holdings dairy crest debenhams dechra pharmaceuticals derwent london dfs dignity diploma domino s pizza drax group dunelm group edinburgh investment trust electra private equity electrocomponents elementis entertainment one essentra esure euromoney institutional investor evraz f & c commercial property trust fidelity china special situations fidelity european values fidessa group finsbury growth & income trust firstgroup fisher james & sons foreign & colonial investment trust g4s galliford try gcp infrastructure investments genesis emerging markets fund genus go ahead group grafton group grainger great portland estates greencoat uk wind greencore greene king greggs gvc holdings halfords group halma hansteen holdings harbourvest global private equity hastings group hays henderson group hicl infrastructure company hill & smith hiscox hochschild mining homeserve howdens joinery hunting ibstock icap ig group holdings imi inchcape indivior inmarsat intermediate capital group international personal finance international public partnerships investec ip group jardine lloyd thompson jd sports john laing group john laing infrastructure fund jpmorgan american investment trust jpmorgan emerging markets investment trust jpmorgan indian investment trust jrp group jupiter fund management just eat kaz minerals keller kennedy wilson europe real estate kier group ladbrokes laird lancashire holdings londonmetric property man group marshalls marston s mccarthy & stone meggitt mercantile investment trust metro bank millennium & copthorne hotels mitchells & butlers mitie moneysupermarket.com group monks investment trust morgan advanced materials murray international trust national express group nb global ncc nmc health ocado group onesavings bank p2p global investments pagegroup paragon group of companies paypoint paysafe pennon group perpetual income & growth investment trust personal assets trust petrofac pets at home phoenix group holdings playtech polar capital technology trust polypipe premier farnell pz cussons qinetiq rank group rathbone brothers redefine international redrow regus group renewables infrastructure group renishaw rentokil initial restaurant group rightmove rit capital partners riverstone energy rotork rpc group safestore saga savills scottish investment trust scottish mortgage investment trust segro senior serco shaftesbury shawbrook bank sig plc smith ds smurfit kappa group softcat sophos spectris spirax sarco engineering spire healthcare sports direct ssp group stagecoach group st. modwen properties supergroup svg capital synthomer talktalk group tate & lyle ted baker telecom plus temple bar investment trust templeton