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ExxonMobil may sell all stakes in offshore Norwegian fields

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Christian Fernsby ▼ | June 22, 2019
Exxon Mobil
European businesses   Exxon Mobil

Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a company spokesman told business daily Dagens Naeringsliv.

Two years ago the U.S. major 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.

The Norwegian paper quoted an unnamed industry expert as saying the assets could be worth $3-4 billion.

In 2017, Exxon Mobil’s net production from fields off Norway was around 170,000 barrels of oil equivalent per day.

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