Waldorf Production to acquire the Catcher and Kraken fields from Cairn Energy for $460m.

Waldorf Production, a private oil and gas company based in Manchester, agreed to acquire the Catcher and Kraken fields from Cairn Energy, an independent oil and gas exploration and development company, for $460m. "The divestment of our UK producing assets as they move into decline phase, will further strengthen our ability to pursue Cairn's strategic goals and position the company robustly for the decade ahead," Simon Thomson, Cairn CEO.