Natural Resources Newsletter - 4 December 2013

      

Hess to sell Indonesian assets for US$1.3 billion

Hess Corp.(Hess) has entered into two separate agreements with a joint venture formed by Indonesian state-owned PT Pertamina and Thailand's national petroleum operator PTT Exploration & Production Co. Ltd. to sell its interests in the Pangkah and Natuna A assets (Assets) offshore Indonesia for US$1.3 billion. The agreements are expected to close before the end of first-quarter 2014.

Read more: Natural Resources Newsletter - 4 December 2013