Cairn Energy to sell interests in North Sea oil fields for $460m
Cairn will sell its entire 20 per cent interest in the Catcher field and 29.5 per cent interest in the Kraken field. (Getty Images)
Cairn Energy has agreed to sell its interests in the UK Catcher and Kraken oil fields in the North Sea.
Waldorf Production Ltd will acquire the interests for $460m in cash, the company said on Tuesday.