Energy company Hess is selling its Indonesia assets to a joint venture between PT Pertamina and PTT Exploration and Production Co. Ltd. for $1.3 billion.
December 02, 2013 at 08:00 AM
1 minute read
Energy company Hess is selling its Indonesia assets to a joint venture between PT Pertamina and PTT Exploration and Production Co. Ltd. for $1.3 billion.
Hess has been shifting away from refining and toward exploration and production. As part of that plan, it’s selling off some assets. The Indonesia assets were included in that plan.
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