One-Page Deal Sheet
Hess Sells Entire North Sea Portfolio for $2.0 Billion
Not Disclosed Not Disclosed
Announced Date
October 24,2017
Effective Date
January 01,2017
Close Date
December 22,2017
Transaction Type
Asset
Enterprise Value (EV)($MM)
2000
Asset/Basin:
{"Norwegian North Sea","North Sea"}
Source Documents:
Location
Calculated Metrics( EV/Category)
Region
North Sea
Country
Norway
Play
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 $2 billion.
The Valhall and Hod fields produced an average of 26,000 boe/d net to Hess over the first six months of 2017. Hess holds a 64.05 percent interest in Valhall and a 62.5 percent interest in Hod.
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-08-2020 |
-  |
- |
Click here | E&P | |
| Jan-08-2020 |
- |
- |
Click here | E&P | |
| Oct-16-2019 |
- |
- |
Click here | E&P | |
| Oct-01-2018 |
- |
- |
Click here | E&P | |
| Jul-03-2018 |
- |
- |
Click here | E&P |