Exxon Considers Divesting UK North Sea Operations -Reuters
13 August 2019 - 8:52PM
Dow Jones News
--Exxon Mobil Corp. (XOM) is considering leaving the British
North Sea, and has spoken to a number of operators in the region to
sell its assets there, reports Reuters citing industry sources.
--The media company names Chrysaor or Neptune, large
private-equity backed producers, as potential buyers for the assets
which could be worth up to $2 billion.
--It adds that should Exxon not find a buyer, it may appoint a
bank to administer a formal sale process.
--Exxon declined to comment.
Full story: https://reut.rs/33xVTky
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(END) Dow Jones Newswires
August 13, 2019 06:37 ET (10:37 GMT)
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