Hess completes sale of its Natuna asset in Indonesia

12/10/2013

Hess completes sale of its Natuna asset in Indonesia

NEW YORK -- Hess Corporation has completed the previously announced sale of its Natuna A asset, located off the coast of Indonesia, to PT Pertamina and PTT Exploration and Production Company Limited for a total after-tax consideration of $650 million.

The asset produced an average of 5,500 barrels of oil equivalent per day net to Hess in the first three quarters of 2013.

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