Exxon Mobil Sells UK North Sea Assets in Deal Worth over $1 Billion
Transaction Type
Sellers
Buyers
Basin
UK North Sea
Announce Date
Post Date
Estimated Price
$1,300.0MM
Description
To buy nonoperated upstream assets in the U.K. central and northern North Sea comprised of ownership interests and 38,000 boe/d of production in 14 producing fields; transaction includes about $300 MM of contingency payments tied to commodity prices. (Expected to close midyear 2021)