Hess ups interests in Hod, Valhall fields

Hess Corp. has acquired Shell's 28.09% interest in the Valhall field and its 25% interest in the satellite Hod field.

Offshore staff

NEW YORK -- Hess Corp. has acquired Shell's 28.09% interest in the Valhall field and its 25% interest in the satellite Hod field. In return, Shell has assumed all of Hess' interest in the Clair field (UK North Sea) and in Gabon. Earlier this month, Hess acquired Total's 7.85% in Valhall and 12.5% in Hod.

09/30/2010

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