25 April 2024
ExxonMobil offloads ageing Norwegian fields
Publication date: 30 March 2017
Gas Strategies Group
10 Saint Bride Street
London UK
EC4A 4AD
ISSN: 0964-8496
Twitter @GasStrategies
Editorials
Subscriptions
ExxonMobil has sold the majority of its operated fields on the Norwegian Continental Shelf (NCS) to private equity fund Hitecvision and its majority-owned E&P company Point Resources, the US supermajor said this week.
The deal included ExxonMobil’s ownership stakes in the Balder, Ringhorne, Ringhorne Ost, Jotun and Foresti fields – many of which are maturing. Field installation operatorship and ExxonMobil’s offices in Sandnes are also included in the deal. NCS-focused Point Resources will also inherit ExxonMobil’s 300-strong workforce.