Cairn leaves Bangladesh as the focus moves to the Greenland oil
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Cairn said he sell a 37 5pc Sangu gas field to its Australian partner Santos International for an undisclosed amount.
Last year, Bangladesh interest the Cairn is a loss before tax of $3. 7 m (￡ 2 3 m) on revenue of $13. 2 m and the subsidiary was estimated at $17.1 m at the end of June.
Simon Thomson, Director Business Cairn said: "during the past 16 years, cairn was an ardent supporter of international investment in Bangladesh and with its partners has invested more than $billion helps provide his people security énergétique.Cairn believes that time is a time appropriate for Santos to support the property.
Cairn shares 6 387 p rose had abandoned 17pc the month last uncertainty on the sale of its Indian to FTSE-100 minor Vedanta.
The oil and gas company based Edinburgh is still negotiating with the Government of the India and the State oil company it seeks to raise money to help finance the campaign in Greenland.
The company plans to spend 1 $5.3 for drilling in the Arctic region, but his two first offshore wells have found gas in commercial quantities.
The company said last month that it will now write off the cost of 185 m $ drilling wells in extremely cold conditions and monetary operations in Greenland for the winter.
He had been drilling a third well, but technical difficulties that delayed the completion.
Cairn is still convinced that oil exists in Greenland and the US Geological Survey estimates that 50 billion barrels of oil may be present.
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