Cairn has agreed with Solveig Gas Norway to sell the latter its Norwegian arm Capricorn Norge AS for USD 100 MM plus customary working capital adjustments. The split will be effective 1 Jan '20 and concludes Cairn's involvement in Norway - UK North Sea activities are unaffected. The deal is subject to consent by the authorities, partners and 3rd parties.
Cairn has agreed with Solveig Gas to sell the latter its Norwegian subsidiary Capricorn Norge AS for US$100 MM.