International law firm Dechert LLP advised Chrysaor E&P Ireland Limited, a subsidiary of long-standing firm client Chrysaor Holdings Limited, an independent exploration and production company focused on developing and commercializing oil and gas discoveries in the UK North Sea and Ireland, on its farm-out agreement with Capricorn Ireland Limited, a subsidiary of Cairn Energy PLC. Capricorn will acquire the rights to obtain a 38% interest in its two Frontier Exploration Licences 2/04 and 4/08 and in the Licensing Option 11/2 in Quad 35 offshore west of Ireland by paying 63.3% of future exploration costs for up to two wells, subject to a cap.
Tags: Dechert LLP
