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. https://www.chemarc.com/feed/article/exxonmobil-to-sell-norway-upstream-operations-for-45-billion/5d8da9c0daef9351e037d927
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SHARESHARESHARE
EXXONMOBIL TO SELL NORWAY UPSTREAM OPERATIONS FOR $4.5 BILLION
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.” READ MORE