Agora’s
portfolio
is
made
up
of
non-operated
interests
in
11
exploration,
appraisal
and
development
assets
in
the
UK
and
Norwegian
North
Sea.
Cairn
Energy
is
to
pay
$196
million
in
cash
and
the
balance
in
47,662,603
Cairn
shares.
Cairn
Energy
chief
executive
Simon
Thomson
said
the
company
was
acquiring
a
business
with
a
proven
record
in
tapping
new
areas
in
a
mature
basin,
pointing
to
the
light
oil
Skarfjell
find
in
the
Norwegian
North
Sea.
The
Norwegian
company's
alliance
with
state-owned
compatriot
Statoil,
which
has
pioneered
the
country’s
push
into
the
Barents,
is
also
seen
as
a…
