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Report: Exxon taps Jefferies for Norwegian asset sales


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Report: Exxon taps Jefferies for Norwegian asset sales

Exxon Mobil Corp. tapped investment bank Jefferies LLC to sell its stakes in Norwegian oil and gas fields, which are estimated to bring in more than $4 billion, according to an Aug. 8 report from Reuters, citing banking sources.

Exxon earlier said it was looking to test market interest for its Norwegian upstream portfolio, which includes minority stakes in more than 20 fields operated by Equinor ASA and Royal Dutch Shell PLC.

Interested parties will receive a presentation of the assets for sale in August.