Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM), which has a major presence in Houston, has reached a deal to sell its non-operated upstream assets in Norway for $4.5 billion.
The buyer is Norway-based Vår Energi AS, and the deal is expected to close by the end of the year, according to a Sept. 26 press release.
Vår Energi is acquiring ownership interests in more than 20 producing fields, including Grane, Snorre, Ormen Lange, Statfjord and Fram. The fields are operated mostly by Norway-based…
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