Solveig Gas to acquire Capricorn Norge from Cairn for $100m.

Solveig Gas, which operates as an oil and gas company, agreed to acquire Capricorn Norge, which provides oil and gas exploration and production services, from Cairn, an oil and gas exploration and development company, for $100m. “This is a further attractive transaction for Cairn shareholders in line with our consistent strategy to realize the value and redeploy capital within our portfolio. We continue to have a material business in the UK North Sea where the production performance of the Kraken and Catcher assets remains strong. We wish all of the team in Stavanger every success in the future,” Simon Thomson, Cairn Chief Executive.