ExxonMobil (XOM) and Total (TOT) exchange minority stakes in eight different projects off...

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

ExxonMobil (XOM) and Total (TOT) exchange minority stakes in eight different projects off Norway. In exchange for its interests in the PL089 license and the Synga, Statfjord Ost and Snorre fields, TOT will receive from XOM ~4% interests in the Oseberg field and the Oseberg transportation system plus interests in two Dagny field licenses; TOT also will pay XOM a minor cash compensation.