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ExxonMobil exits Norway in US$4.5 billion Vår Energi deal

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03 October 2019

ExxonMobil exits Norway in US$4.5 billion Vår Energi deal

Report summary

On 26 September 2019, ExxonMobil announced it had sold its Norwegian upstream business to Vår Energi, in the country's biggest deal in 13 years. The exit brings an end to one of the industry's longest running stories – the Supermajor having been awarded the first ever licence on the NCS.ExxonMobil has achieved an attractive exit price: the US$4.5 billion consideration represents a significant premium to our valuation.

Table of contents

Tables and charts

This report includes 11 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Implied Long-term Oil Price, selected regions
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2
  • Equinor - potential impact from hitting recovery factor targets
  • Top 10 Norway producers (excluding Equinor and Petoro)
  • Rise of VÃ¥r

What's included

This report contains:

  • Document

    ExxonMobil exits Norway in US$4.5 billion Vår Energi deal

    PDF 890.51 KB

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