Cairn Energy PLC announced capital expenditure results for the second half of 2015. For the period, the company reported total cash expenditure of USD 174 million, principally comprising USD 85 million development expenditure and USD 77 million exploration and appraisal (E&A) expenditure including pre-award costs (USD 50 million E&A expenditure was in Senegal).

Forecast development expenditure for 2016 and 2017, taking the UK development projects through to cashflow generation, is USD 492 million and remaining currently committed drilling and seismic E&A expenditure 2016 is estimated at USD 122 million, predominantly in Senegal.