Oil and gas: Hess completes sale of Indonesian offshore asset

Source:Hess Corporation

Hess completes sale of Indonesian offshore asset

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 $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. More information on Hess Corporation is available at http://www.hess.com.

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