Scandoil  

Hess announces sale of its Thailand assets


Published Apr 25, 2014
Hess Corporation

Hess Corporation has sold its interests in both the Sinphuhorm and Pailin Fields located in Thailand to PTT Exploration and Production Public Company Limited for a total after-tax consideration of approximately $1.0 billion, effective July 1, 2013.

Together, the two assets produced an average of 17,000 barrels of oil equivalent per day net to Hess in 2013.

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

Tags: Hess Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml