Hess Completes Sale of Its Natuna Asset in Indonesia
OREANDA-NEWS. Hess Corporation (NYSE:HES) today 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 USD 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.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.
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