Cairn seals Agora takeover deal

摘要

Cairn Energy said today that it has completed the acquisition of Agora Oil & Gas. 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 licences in the North Sea Basin, with an active drilling programme in 2012. Cairn has paid approximately US $453m for Agora, through a combination of approximately 43.3%/$196m cash and 56.7%/47,662,603 Cairn shares.