Hess Corporation announced today that it has completed the previously announced sale of its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective January 1, 2021.
“The sale of our Denmark asset enables us to further focus our portfolio and strengthen our cash and liquidity position,” CEO John Hess said. “Proceeds will be used to fund our world class investment opportunity in Guyana.”
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information is available at www.hess.com.
Read the latest issue of the OGV Energy magazine HERE.
Petrofac supporting National Oil Company of Equatorial Guinea
Nigeria strikes deal with Shell to supply $3.8 bln methanol project
Venezuela oil sector hit by loss of its widest US license
bp Begins Oil Production From Major New Platform Offshore Azerbaijan