ExxonMobil to sell Norway upstream operations for $4.5 Billion

September 27, 2019

ExxonMobil signed an agreement today with Vår Energi AS for the sale of its non-operated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest approximately $15 billion in non-strategic assets by 2021. “Our objective is to have the strongest, most competitive Upstream portfolio in the industry,” said Neil Chapman, senior vice president of ExxonMobil. “We’re achieving that by adding the best set of projects we’ve had in many years and divesting assets that have lower long-term strategic value. This sale is an important part of our divestment program, which is on track to meet our $15 billion target by 2021.”

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International Group for Modern Coatings (Mi

Founded in 1979, Midoco® "International Group for Modern Coatings" is an Egyptian leading company for high quality Paints and Coating products for multi purposes. The company develops, produces, and distributes specialized chemical products for many areas of application in the automotive, decorative paints, wood coatings, printing inks, and other different industrial products. Midoco® is committed to “Total Customer Satisfaction” through design, manufacture, and supply of high quality Paints and Coatings products. Midoco® management is committed to build on its industry leadership by providing total quality. Our mission is to supply our customers with on-time delivery of products, which are of the best possible quality.

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Spotlight

International Group for Modern Coatings (Mi

Founded in 1979, Midoco® "International Group for Modern Coatings" is an Egyptian leading company for high quality Paints and Coating products for multi purposes. The company develops, produces, and distributes specialized chemical products for many areas of application in the automotive, decorative paints, wood coatings, printing inks, and other different industrial products. Midoco® is committed to “Total Customer Satisfaction” through design, manufacture, and supply of high quality Paints and Coatings products. Midoco® management is committed to build on its industry leadership by providing total quality. Our mission is to supply our customers with on-time delivery of products, which are of the best possible quality.

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