News Oil & Gas

Cairn Energy to sell interests in Catcher and Kraken

Cairn Energy plc plans to sell its North Sea interests in Catcher and Kraken fields for US$460 million to Norwegian company Waldorf Production Ltd. POSITION Cairn entered into an agreement that will also include additional contingent consideration dependent principally on oil prices from 2021 to the end of 2025. The sale, subject to shareholder approval, […]