BP’s Interest in Kosmos Raises Stakes for Ghana Oil Assets
BP has apparently joined the growing list of major energy companies — that already includes ExxonMobil and China’s CNOOC — interested in oil assets offshore Ghana. The focus is Kosmos Energy, the private equity-backed U.S. company that is selling off its 23.5 percent stake in the Jubilee field offshore Ghana. Kosmos recently agreed to sell its Ghana assets to ExxonMobil for $4 billion. Exxon was close to finalizing the deal, but the super major’s plans were scuttled when Ghana’s government expressed disappointment in the deal and called the sale illegal. Another road block was added after Ghana National Petroleum Corp. appeared ready to team up with China National Offshore Oil Corp. to make a rival bid for the Jubilee stake. Now BP is examining whether it…
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