VÃ¥r Energi, jointly owned by Eni + HitecVision, has signed to acquire ExxonMobil's upstream assets in Norway for USD 4.5 bn, only days after the rumour emerged (DEA 6 Sep '19). This involves over 20 producing fields operated mostly by Equinor + Shell, of which Grane, Snorre, Ormen Lange, Statfjord and Fram, accountting for 150,000 boe/d in 2019. The acquisition will be effective 1 Jan '19 subject to usual conditions + approvals.   VÃ¥r thus will become the 2nd largest E&P player on the NCS after Equinor and is the latter's largest upstream partner.
VÃ¥r Energi, jointly owned by Eni + HitecVision, has signed to acquire ExxonMobil's upstream assets in Norway for USD 4.5 bn, only days after the rumour emerged (DEA 6 Sep '19). This involves over 20 producing fields operated mostly by Equinor + Shell, of which Grane, Snorre, Ormen Lange, Statfjord and Fram, accountting for 150,000 boe/d in 2019. The acquisition will be effective 1 Jan '19 subject to usual conditions + approvals. VÃ¥r thus will become the 2nd largest E&P player on the NCS after Equinor and is the latter's largest upstream partner.