Exxon Mobil says may sell all stakes in offshore Norwegian fields - newspaper

Exxon Mobil says may sell all stakes in offshore Norwegian fields - newspaper
FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes -
Copyright
SERGIO MORAES(Reuters)
Text size Aa Aa

OSLO (Reuters) – Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a company spokesman told business daily Dagens Naeringsliv.

Two years ago the U.S. major – the world’s largest oil company – sold its operated assets in the area. But it has retained stakes in more than 20 other fields, including Equinor-operated Snorre and Shell-operated Ormen Lange.

The Norwegian paper quoted an unnamed industry expert as saying the assets could be worth $3-4 billion.

In 2017, Exxon Mobil’s net production from fields off Norway was around 170,000 barrels of oil equivalent per day.

Exxon Mobil’s spokesman in Norway was not immediately available for comment.

(Reporting by Nerijus Adomaitis; editing by John Stonestreet)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.