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Announced

Completed

Cairn completed the acquisition of the Egyptian upstream assets of Shell for $926m.

Synopsis

Cairn Energy, an independent oil and gas exploration and development company, completed the acquisition of the Egyptian upstream assets of Shell, a British-Dutch multinational oil and gas company, for $926m. The gas-weighted portfolio, in a region with strong demand growth, offers low cost production, near-term development, owned infrastructure and significant exploration potential.

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