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Exclusive: Exxon agrees to sell Norway oil and gas assets for $4 billion - sources

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By Reuters
Exclusive: Exxon agrees to sell Norway oil and gas assets for $4 billion - sources
FILE PHOTO: Logos of ExxonMobil are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai   -   Copyright  Toru Hanai(Reuters)

LONDON (Reuters) – Exxon Mobil has agreed to sell its Norwegian oil and gas assets for up to $4 billion (£3 billion), in a move that marks the U.S. firm’s exit from production in the country where it has operated for more than a century, three sources familiar with the matter said on Thursday.

Exxon said in June it was looking to sell its Norwegian upstream portfolio, which includes minority stakes in more than 20 other fields, operated by local producer Equinor <EQNR.OL> and Anglo-Dutch oil major Royal Dutch Shell <RDSa.L>.

An Exxon spokeswoman said: “As a matter of practice, we don’t comment on commercial discussions.”

(Reporting by Ron Bousso and Shadia Nasralla, additional reporting by Nerijus Adomaitis in Oslo; Editing by Elaine Hardcastle)