Thu 4 Nov 2004 at 18:00 PM
Building a Business In South Asia
Mike Watts, Exploration Director, Cairn Energy
Sponsorship is provided by Wood Mackenzie.
This event occurred on: Thursday, 04 November 2004, 6 p.m.
Cairn Energy PLC is an independent, public oil and gas exploration and production company based in Edinburgh, Scotland and quoted on the London Stock Exchange. Cairn's strategy is to establish commercial reserves from strategic positions in high potential exploration plays in order to create and deliver shareholder value. In the implementation of this strategy, the Group focuses on material positions that are capable of providing significant growth through exploration. This focus has been further defined by concentrating on the geographic region of South Asia, where the Group holds material exploration and production positions in both west and east India and in Bangladesh. This focus on South Asia has already resulted in a number of oil and gas discoveries and still offers the prospect of significant further value creation. Dr. Watts' presentation will focus on Cairn's experience at building this growing business in South Asia.
Mike Watts holds a First Class Honours degree and a PhD in Geology from Cardiff University. He has 25 years experience in the international oil and gas industry with Shell, Burmah, Premier, Holland Sea Search (HSS) and Cairn. He has almost 20 years of experience in South Asia where he has been closely associated with major oil and gas discoveries in Pakistan, Myanmar, Bangladesh and India. Mike was the CEO of HSS, the Amsterdam listed public oil and gas company acquired by Cairn in 1995. At HSS, Mike also acted as a new business advisor to Command Petroleum (a major shareholder in HSS) and SOCO International (a major shareholder in Command). At Cairn Mike has been closely associated with the acquisition of Command, the Bangladesh & Rajasthan transactions with Shell, and the subsequent emergence of Cairn as the leading foreign oil company in South Asia.