Solveig Gas to Acquire Cairn Energy's Assets in Norway

Updated 1 year 9 months ago

On November 27, 2019, Cairn announced the divestment of its Nowegian subsidiary, Capricorn Norge AS. With effect from January 1, 2020, Solveig Gas Norways AS shall acquire all of the shares in Capricorn Norge by paying USD 100 million plus customary working capital adjustments on completion including an adjustment for the tax receivable related to historical exploration activity.