Total and ExxonMobil swap asset shares in Norway (Swap Deal ID 12539)
Total and ExxonMobil have announced a swap deal involving a number of Norwegian assets. Total acquired ExxonMobil's interest in the Oseberg area and the Dagny development. In exchange, ExxonMobil receives Total's share in the Statfjord Øst field, Tordis and Vigdis area fields, Sygna, and Snorre, in addition to an undisclosed but 'minor' cash compensation. We estimate that the value of the assets acquired by Total is higher by around US$124 million. Under Wood ...