Cairn plays it safe with Norwegian oil firm

Cairn energy is splashing out 450 million dollars on Agora Oil & Gas, a firm with North Sea interests and owned by Lord Rothschild's investment trust.

Cairn energy is splashing out 450 million dollars on Agora Oil & Gas, a firm with North Sea interests and owned by Lord Rothschild's investment trust.

The deal will see Agora adding extra drilling activity to Cairn's 2012 exploration and appraisal programme, with nine wells scheduled to be drilled in the UK and Norway this year.

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