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Exxon Mobil is going to sell its Norwegian assets

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Exxon Mobil is going to sell its Norwegian assets
September 10
09:00 2019

Citing insider information, an international news organization Reuters reports that Exxon Mobil plans to get rid of all the assets it has in Norway. According to various estimates, they cost about $ 4 billion.

The American company will sell securities of more than twenty deposits. Equinor (Norway) and Royal Dutch Shell (Britain-Netherlands) serve as operators of these projects. Representatives of Exxon Mobil do not want to comment on the upcoming deal in any way, referring to secrecy of the negotiations.

Reuters claims with certainty that the deal has already been closed. All the documents were signed a week ago. The media assume that Var Energi has bought the securities, but there was no official announcement of the deal. It can be expected at the end of September or at a later date. Representatives of companies are dragging their feet and do not give any comments. In addition to the buyer, there is the information about the bank servicing the transaction. Perhaps it was Jefferies Group. The journalists have failed to find out other information about the deal.

After the market got the news about the sale of Exxon Mobil assets, the company’s securities rose almost 2% at the trading in New York. Reuters notes that the company has been planning to complete activities in Norway for a long time, and reported this in early summer. In total, Exxon Mobil has worked here for over 100 years.

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