The media have discovered Exxon Mobil plans to leave Norway after 100 years of work :: Business :: RBC

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The media have learned of Exxon Mobil's plans to leave Norway after 100 years of work

The company plans to sell shares in 20 sectors. The value of all Exxon's assets in Norway is estimated at $ 4 billion.

Photo: Jim Young / Reuters

Exxon Mobil, an American oil and gas company, intends to sell all its assets in Norway for a value of $ 4 billion, so Exxon will stop production in the country where it started operations more than a century ago. It has been reported Reuters with reference to three sources in the oil and gas sector.

According to them, the company plans to sell shares in 20 sectors. The operators of these projects are the local Equinor and the English-Dutch Royal Dutch Shell.

The Norwegian weekly Dagens Naeringsliv, citing sources familiar with the transaction, reportedthat one of the buyers of Exxon's assets will be Var Energi. If the transaction is successfully completed, Var Energi will become the second largest company on the Norwegian continental shelf with a production capacity from 300 thousand to 350 thousand barrels per day., The note note.



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This transaction is expected to be officially announced at the end of September. Exxon Mobil spokesman declined to confirm Reuters this information. "In practice, we do not comment on trade issues," he said. Var Energi also declined to comment on a possible purchase of Exxon assets.

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