Audio By Carbonatix
State-run Ghana National Petroleum Corp (GNPC) is studying an agreement by Exxon Mobil to buy Kosmos Energy's stake in the Jubilee field in Ghana before passing it to the energy ministry for its perusal, a Ghanaian government source said on Wednesday.
'GNPC is required to look a the entire deal as negotiated -- the idea is to ensure that it is the best offer not only in monetary terms but also it should come with the technical expertise,' the government source involved in the energy sector told Reuters.
Sources close to the matter said on Tuesday Exxon had agreed to buy a stake which analysts have previously valued at up to $5 billion. The sources did not say how much Exxon would be paying.
Private equity-backed Kosmos put its interests in the field, which it co-owns with UK-based oil explorer Tullow Oil and Houston-based Anadarko Petroleum on the market earlier this year, industry sources previously said.
Source: Reuters
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Forestry Commission arrests 12 illegal miners in Atewa Forest
2 minutes -
NPP National Treasurer aspirant involved in accident during campaign
24 minutes -
Treat coastal communities as partners in sea turtle conservation – Dr Agyekumhene
28 minutes -
The Chief Justice is not a Touring Minister: Baffoe-Bonnie’s SOE visits are unconstitutional officiousness
51 minutes -
Enforcing environmental laws carries political cost, while offenders go unpunished – Frimpong-Boateng
58 minutes -
Galamsey fight collapsed after safeguards introduced in 2018 were abandoned – Prof Frimpong-Boateng
1 hour -
Jail officials who approve projects in wetlands and forest reserves – Prof Frimpong-Boateng
1 hour -
Ghana needs $21bn to restore lands damaged by illegal mining – Frimpong-Boateng
1 hour -
Law student killed in hit-and-run on Tema Motorway; family offers GH¢50,000 bounty
1 hour -
Gas explosion near Larteh school contained after fire outbreak
2 hours -
Nigerian-British businessman dies after penis enlargement procedure in Thailand
2 hours -
CHEAP JUSTICE? – Occasional Kwatriot Kwesi Yankah writes
2 hours -
WASSCE 2026: English performance decline requires urgent action – EduWatch
2 hours -
Old Tafo MCE pledges action as residents raise alarm over faulty drainage systems
3 hours -
Abossey Okai dealers reject spare parts cost as justification for 30% transport fare hike
3 hours