OPINION: ExxonMobils's decision to sell up in Norway will undoubtedly be of concern to those worried about the North Sea's future.
Norway's economy is one of the richest in the world on the back of oil and gas resources, but years of lower crude prices has put the industry under pressure.
ExxonMobil has decided its 20 producing field interests, including those at iconic fields such as Statfjord and Ormen Lange, are “non-strategic” assets.