Cairn completes Agora acquisition

Cairn Energy has completed the acquisition of Agora Oil & Gas AS.

Offshore staff

EDINBURGH, UK – Cairn Energy has completed the acquisition of Agora Oil & Gas AS. The total consideration is about $453 million.

Agora is a Norwegian company with non-operated exploration, appraisal, and development assets in the UK and Norwegian North Sea. Agora’s portfolio is made up of interests in 11 licenses in the North Sea basin, with an active drilling program in 2012.

5/9/2012

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