EnergyWatch

ExxonMobil's sale of Norwegian oil activities could set record

Oil major ExxonMobil'splans to sell off its Norwegian business could lead to the biggest sale on the Norwegian Shelf since 2006, according to Wood Mackenzie. The analyst firm points mainly to North Sea players as obvious buyers of the large portfolio.

Photo: Ritzau Scanpix/AP/Edgar Su

ExxonMobil is looking to shed its Norwegian oil business, and this could result in the largest sale on the Norwegian Shelf since Statoil (now Equinor) merged with Norsk Hydro in 2006, says analyst firm Wood Mackenzie in an update monday.

The comments come in response to the US oil major's floating a complete exit from the Norwegian Shelf in the North Sea.

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