US oil firm puts up North Sea oil field for sale

Hess is selling its share of a Danish North Sea oil field.

Photo: Rambøll

US firm Hess Corporation is selling its share of the Syd Arne field in the Danish North Sea shelf, reveals the company in a press release Tuesday.

Hess is in the process of focusing its business and has recently sold assets in Norway to Aker BP for USD 2 billion. At the same time, a sales process has been launched in Denmark.

Hess is operator and owner of 61.5 percent of the Syd Arne field, which has produced 170 million barrels of oil and gas since 1999 and last year delivered 11,000 barrels of oil per day to Hess. The field, of which Dong's now divested oil and gas division was co-owner, had its production license extended in October 2016 ahead to 2047 by the Danish Energy Agency.

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