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  • Hess Announces Sale of Its Indonesian Assets
    édité le 02/12/2013 - Plus de news de "HESS" - Voir la fiche entreprise de "HESS"


Hess Announces Sale of Its Indonesian Assets
Hess Corporation announcedit has entered into two separate agreements with a joint venture between PT Pertamina and PTT Exploration and Production Company Limited to sell its interests in both the Pangkah and Natuna A assets located off the coast of Indonesia for a total after-tax consideration of $1.3 billion. Together, the two assets produced an average of 15,000 barrels of oil equivalent per day net to Hess in the first three quarters of 2013.

Hess will use the proceeds from this sale to continue repurchasing shares under its existing $4 billion authorization.

The agreements are subject to customary closing conditions and are expected to close before the end of the first quarter of 2014.

About Pertamina

Pertamina (PERSERO) as a state-owned company to carry out integrated business core in oil, gas, renewable and new energy based on strong commercial principles both inside and outside the country, Pertamina strives to provide the best and a real contribution to the welfare of the nation in utilizing every potential of Indonesia

About Hess Corporation

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.


Origine : Communiqué HESS

Voir la fiche entreprise de "HESS"



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