Var Energi Seeks NCS Portfolio Boost From ExxonMobil Sale
With its $4.5-billion acquisition of ExxonMobil’s remaining portfolio on the Norwegian Continental Shelf now official, Var Energi says it hopes to realize its ambitious growth plans.
ExxonMobil Agrees To Sale of Norwegian Upstream Portfolio
ExxonMobil confirmed an exclusivity agreement with Var Energi for negotiations of a sale that could reach $4 billion, according to Reuters. If it goes through, the deal would make Var Energi the second-largest producer on the Norwegian Continental Shelf.
Statfjord A Platform To Be Decommissioned in 2022
After producing for 43 years, the Statfjord A platform will cease production in 2022.
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