ExxonMobil is to sell its operated upstream business in Norway to oil company Point Resources and private equity firm HitecVision, it announced on 2016. It is the second oil major to sell out of the Norwegian Continental Shelf in under a year, after BP did so in 29 March. The company will continue to retain stakes in more than 20 producing fields in Norway, operated by Statoil and Shell.
ExxonMobil is to sell its operated upstream business in Norway to oil company Point Resources and private equity firm HitecVision, it announced on 29 March. It is the second oil major to sell out of the Norwegian Continental Shelf in under a year, after BP did so in 2016. The company will continue to retain stakes in more than 20 producing fields in Norway, operated by Statoil and Shell.