Cairn Energy Plc plans to invest EUR 24 million to carry out seismic studies offshore the Columbretes islands in Spain. The studies, seeking to detect the existence of oil deposits, will be executed between October 2014 and February 2015, if the government issues a positive report on the environmental impact study for the project, Cairn Energy said. The company admits that the seismic study will be carried out within a Special Protection Area (SPA)
and can cause the migration of some fish species, it considers that the environmental impact will be moderate.