Exxon Said to Mull Sale of More Than $1 Billion in Norway Assets

Exxon Mobil Corp. is considering a sale of some of the oil fields it operates in Norway’s North Sea in a deal that could fetch more than $1 billion, two people familiar with the matter said.

Exxon, the world’s biggest listed oil company, isn’t running a formal process, though it has had discussions with potential buyers, said the people, who asked not to be identified because the deliberations are private. The company operates the Ringhorne, Balder, Sigyn and Jotun fields in Norway, which produced the equivalent of 64,000 barrels of oil a day in 2015, according to its website.