EXXONMOBIL CORP.SIGNED an agreement Sept.26 with Var Energi AS for the sale of its nonop-erated upstream assets in Norway for $4.5 billion as part of its previously announced plans to divest about $15 billion in nonstrategic assets by 2021.”Our objective is to have the strongest,most competitive upstream portfolio in the industry,”said Neil Chapman,senior vice president of ExxonMobil.”We’re achieving that by adding the best set of projects we’ve had in many years and divesting assets that have lower long-term strategic value.This sale is an important part of our divestment program,which is on track to meet our $15 billion target by 2021.”The transaction includes ownership interests in more than 20 producing fields operated mostly by Equinor,including Grane,Snorre,Ormen Lange,Statfjord and Fram,with a combined production of approximately 150,000 boe/d in 2019.
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