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Norway: Exxon Mobil seeks bids for Norwegian offshore assets


24 Jun 2019

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Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said.

Two years ago the U.S. major - the world’s largest oil company - sold its operated assets in the area. But it has retained stakes in more than 20 other fields, including Equinor-operated Snorre and Shell-operated Ormen Lange.

'Following interest expressed by several parties, Exxon Mobil has decided to open a data room to test the market interest for the upstream portfolio in Norway,' Anne Fougner said, adding that no decision to sell had yet been made.

Sources said the assets could be worth USD3-4 billion.

Click here for full Reuters article

Source: Reuters





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