Cairn Energy buys further position in Morocco

London : United Kingdom | Aug 28, 2012 at 1:32 AM PDT

Source: The Economic Times

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British oil firm Cairn Energy bought a further position to hunt for oil and gas off the coast of Morocco, building on its strategy to balance its exploration portfolio beyond high-risk Greenland. The company said on Tuesday that it would pay $60 million towards the costs of an exploration well in Morocco... FULL ARTICLE AT The Economic Times

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