Cairn Energy gets its hands on Agora Oil and Gas

Oil giant Cairn Energy has completed the aquisition of Agora Oil and Gas, a Norwegian company with non-operated exploration, appraisal and development assets in the UK and Norwegian North Sea.

Oil giant Cairn Energy has completed the aquisition of Agora Oil and Gas, a Norwegian company with non-operated exploration, appraisal and development assets in the UK and Norwegian North Sea.

The $450m deal adds extra drilling activity to Cairn's 2012 exploration and appraisal programme, with nine wells scheduled to be drilled this year.

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