Morningstar Quantitative ratings for equities (denoted on this page by) are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings. Companies withratings are not formally covered by a Morningstar analyst, but are statistically matched to analyst-rated companies, allowing our models to calculate a quantitative moat, fair value, and uncertainty rating. Click here for more on how to use these ratings.
Cairn Energy PLC is an independent oil and gas exploration and development company. The company engages in exploration activities in Greenland, Europe, and western Africa. Cairn gains access to potential fields through government-issued licenses and uses survey techniques to identify hydrocarbon reservoirs offshore. Exploration and appraisal drilling is used to determine if prospects exist, and to establish field size and appropriate production methods. Cairn counts on different drilling and well stimulation techniques to maintain peak production levels in its assets. Production can be exported directly from offshore facilities or connected to nearshore or onshore facility for processing and export.
Edinburgh, EH3 9BY, United Kingdom