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Re: Prosper/high post# 1890

Wednesday, 03/29/2017 12:44:37 PM

Wednesday, March 29, 2017 12:44:37 PM

Post# of 4029
Exxon to sell Norway-operated oilfields for undisclosed sum
Exxon Mobil (NYSE:XOM) agrees to sell its operated upstream business in Norway to P-E firm HitecVision and oil company Point Resources for an undisclosed amount.
XOM retains stakes in more than 20 producing fields operated by Statoil (NYSE:STO) and Royal Dutch Shell (RDS.A, RDS.B), including the Snorre oilfield and the major Ormen Lange gas field.
XOM says the fields sold had production of 54K boe/day in 2016, while its remaining Norwegian stakes yielded 170K boe/day.
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