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As North Sea assets become attractive again to oil producers, Cairn Energy has bought a 50% stake in the Agar-Plantain oilfields in the British North Sea from UK-based Azinor Catalyst. OGA UK awarded 123 licenses last month for the North Sea oilfields. Agar and Plantain is said to have an “estimated combined mid-case resources of 60 million barrels oil equivalent, with an upside case of 98 million barrels oil equivalent”.
