Announced
Completed
Financials
Tags
Norway
Private
Acquisition
Friendly
Majority
upstream assets
Integrated Oil and Gas
Single Bidder
Completed
Synopsis
Var Energi, a Norwegian upstream company, completed its acquisition of Norway Upstream Operations from ExxonMobil, an international oil and gas company for $4.5bn. “The ExxonMobil portfolio is a perfect match for our ambitions and business strategy. It reinforces our long-term commitment to further develop the NCS. Our portfolio is strengthened, and we will continue to further explore, develop and produce resources and reserves in a profitable and sustainable manner," Kristin Kragseth, Var Energi CEO.
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