Hess Completes Sale Of Indonesia Asset For $650 Million

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
650MM
Description

Purchased the Natuna A asset that produced an average of 5,500 BOE/d net in the first three quarters of 2013.

Hess Corp. (NYSE: HES) completed the sale of it asset off the coast of Indonesia to PT Pertamina and PTT Exploration and Production Co. Ltd. for $650 million, the company announced Dec. 6.

The Natuna A asset produced an average of 5,500 barrels of oil equivalent per day (BOE/d) net to Hess in the first three quarters of 2013.

Hess Corp. operates as an independent energy company worldwide. The company is headquartered in New York.