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Posted on 457 ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity prices. The sale includes ExxonMobil’s interests in 14 producing fields in the UK North Sea, ...

ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea. . Read more here.

The sale to HitecVision, through its wholly owned portfolio company NEO Energy, covers most of ExxonMobil’s non-operated upstream assets in the United Kingdom central and northern North Sea.

ExxonMobil To Sell U.K. Upstream Central And Northern North Sea Assets To HitecVision IRVING (dpa-AFX) - ExxonMobil said Wednesday that it agreed to sell most of its non-operated upstream assets in the United Kingdom central and northern North Sea to HitecVision for more than $1 billion. The sale price has additional upside of about $300 million in contingent payments based on potential for increase in commodity prices. The agreement includes ownership interests in 14 producing fields operated primarily by Shell, including Penguins, Starling, Fram, the Gannet Cluster and Shearwater; Elgin Fra...

Exxon Mobil Corporation: ExxonMobil to Sell U.K. Upstream Central and Northern North Sea Assets Sale price of more than $1 billion advances divestment plans, further focusing portfolio on advantaged assets ExxonMobil retains extensive refining and fuels marketing, lubricants, petrochemicals production and natural gas marketing business in the U.K. ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil's non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of...