Bridge Energy ASA has through its wholly owned subsidiary Bridge Energy Norge AS (“Bridge”) completed the agreement with Agora Oil & Gas AS (“Agora”) which is 100% owned by Cairn Energy PLC (“Cairn”), for the farm-down of a 15% working interest in production licences PL497 and PL497B on the Norwegian Continental Shelf. After the transaction [...]
September 28, 2012 | Posted in
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North Energy on Friday announced that Wintershall Norge, the operator for Kakelborg PL 370, was completing drilling operations on the prospect. No hydrocarbons were encountered, and the well, located in the Norwegian sector of the North Sea, will be plugged and abandoned as a dry well. North Energy holds a 10 percent ownership in the [...]
Bridge Energy ASA, the Oslo Axess-listed oil and gas exploration and production company, has executed an agreement with Agora Oil & Gas AS which is 100% owned by Cairn Energy PLC (“Cairn”), for the farm-down of a 15% working interest in production licences PL497 and PL497B on the Norwegian Continental Shelf. After the transaction Bridge [...]
June 27, 2012 | Posted in
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Cairn, an Edinburgh-based private exploration and production company, has today completed the acquisition of Agora Oil & Gas AS (“Agora”) for a total consideration of approximately USD 453 million. Agora which is now a part of Cairn Group companies, is a Norwegian firm with non-operated exploration, appraisal and development assets in the UK and Norwegian [...]
Valiant Petroleum plc announces that it has signed a Farm Out Agreement with Agora Oil and Gas (UK) Limited in respect of the Tybalt appraisal well, located in Blocks 211/8c & 13c in the UK Northern North Sea. Under the agreement Agora will increase its interest in Tybalt to 40% in return for a partial [...]
Cairn announces the acquisition of Agora Oil & Gas AS (Agora) subject to regulatory approval, a private Norwegian company with non-operated, exploration, appraisal and development assets in the United Kingdom (UK) and Norwegian North Sea. The enterprise value of the proposed acquisition of Agora as at 1 January 2012 was $375 million (m), including $58m [...]
April 3, 2012 | Posted in
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The Stavanger-based oil company Agora Oil & Gas AS (“Agora”) has established a portfolio of 11 licenses in the North Sea Basin. Since Agora was founded 2 years ago the company has participated in 10 exploration and appraisal wells. A further 9 wells are planned in the 2012 drilling campaign, expected to commence at the [...]
