Industry press reports suggest that ExxonMobil has opened a data room for the sale of its entire NCS assets (preferably as one package) â some 35 licences which contain over 30 fields and discoveries, 20 of which are producing (Asgard, Fram, Fram H-North, Grane, Gungne, Kristin, Mikkel, Ormen Lange, Sigyn, Sleipner East and West, Snorre, Statfjord, Statfjord East, Statfjord North, Svalin, Sygna, Tordis, Tyrihans and Vigdis). ExxonMobilâs 2017 production reached 170,000 boe/d and its assets are estimated to be worth around USD 3 billion. It is understood that ExxonMobil will use the proceeds of the sale to fund its activities in high growth areas such as Guyana, Papua New Guinea, Brazil and Mozambique. The company will be aiming to strike a deal by the end of 2019 with transfers taking place in 2020 following government approvals. ExxonMobil entered Norway at the very beginning of the industry there, being awarded PL 001 in 1965. In 2017 it transferred its Norwegian operated upstream business to Point Resources (now Var Energi).  The sale to Point Resources included the transfer of the majority of ExxonMobilâs E&P staff in Norway, the companyâs operated interests in the producing Balder, Ringhorne and Ringhorne East fields, the partially developed Forseti field, the Jotun unit and adjacent exploration licences with remaining prospectivity, field assets including platforms and FPSOs and the companyâs office building near Stavanger. It resulted in the Point Resources portfolio containing reserves and contingent resources of approximately 350 MMboe and production of approximately 50,000 boe/d.
Industry press reports suggest that ExxonMobil has opened a data room for the sale of its entire NCS assets (preferably as one package) â some 35 licences which contain over 30 fields and discoveries, 20 of which are producing (Asgard, Fram, Fram H-North, Grane, Gungne, Kristin, Mikkel, Ormen Lange, Sigyn, Sleipner East and West, Snorre, Statfjord, Statfjord East, Statfjord North, Svalin, Sygna, Tordis, Tyrihans and Vigdis). ExxonMobilâs 2017 production reached 170,000 boe/d and its assets are estimated to be worth around USD 3 billion.