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As a result of the transaction, subject to approvals, the partners in these licences will be as follows: Licences PL418/PL418B: Wintershall DEA (Operator) 45%, Spirit Energy 20%, Edison 15%, Cairn 10%, ONE-Dyas 10%
The Income Tax Department, beginning May 2018, has sold most of the Cairn shares to recover tax dues.
Cairn had on January 24, 2014 received a draft assessment order for the alleged capital gains it made in 2006.
Higher education institutions like Cairn University seek help managing the risks and responsibilities of operating retirement plans.
Cairn Energy chief executive Simon omson said: "Bill has been an exceptional leader and leaves a lasting legacy at Cairn.
Cairn's balance sheet strength, entrepreneurial exploration skills and operational capabilities allow it to target high impact wells across transformational frontier and mature basins whilst accessing further growth from the Company's development and production assets.'
The latest transaction involves an on-market sale, under an accord signed with US financial major Citigroup Inc (NYSE:C) on Monday, of 152.6m shares in Cairn India, which slashes Cairn Energy's ownership in the company to some 10%.
Cairn India, a unit of Cairn Energy (LSE:CNE) and which operates fields in Rajasthan, said shareholders voted 97% in favour of a deal that has faced strong regulatory scrutiny in India and required the intervention of David Cameron, the British prime minister.
Since then, the government had been bargaining hard with Cairn and Vedanta.
In this paper we are interested in the community level communication and apply Goffman's ideas of social communication and physical control to cairn fields.
On the eve of the opening of Cairns Indigenous Arts Fair (CIAF), Minister for the Arts Leeanne Enoch said more than $28 million in funding had been provided to Cairns arts and cultural projects and programs since 2015.
She was later arrested and charged with shoplifting but persistent Cairns then returned to the scene of her crime twice in five days.