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Aker BP → Hess Corp- One-Page Deal Sheet

Announced Date
October 24,2017
Effective Date
January 01,2017
Close Date
December 22,2017
Transaction Type
Asset
Enterprise Value (EV)($MM)
2000




Snapshot
Asset/Basin:
{"Norwegian North Sea","North Sea"}
Source Documents:
   Source Link
Location
Region
North Sea

Country
Norway

Play
North Sea


Production
Production
26,000 Boe/d


Calculated Metrics( EV/Category)
$/ Flowing
76,923

Transaction Details: 

Hess has agreed to sell its subsidiary Hess Norge, which owns interests in the Valhall and Hod fields in Norway, to Aker BP ASA for $2 billion.

The Valhall and Hod fields produced an average of 26,000 boe/d net to Hess over the first six months of 2017. Hess holds a 64.05 percent interest in Valhall and a 62.5 percent interest in Hod.



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