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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Cairn exits Norway
Cairn has unveiled plans to exit Norway, by selling its Capricorn Norge business to Solveig Gas Norway for $100mn.
Following the sale, Cairn will have disposed of all its assets in Norway, reducing its committed exploration and development capex by $100mn.
The company will continue to have a material business in the UK North Sea, where it has interests in the Kraken and Catcher projects.
News Item details
Journal title: Petroleum Review
Countries: Norway -
Subjects: Economics, business and commerce, Exploration and production, Business management