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
-
Fennis wins second consecutive ITF J60 title in Accra
4 minutes -
Spain beat England in thriller after Kane penalty miss
10 minutes -
GPL 2026/27: Zaidan’s late goal ends Hearts of Oak unbeaten start
13 minutes -
CEOs demand clarity on pay harmonisation, board autonomy as FWSC engages SOEs bosses over IPEC transition
16 minutes -
2026 Women’s Super Cup: FC Savannah, Epiphany Warriors maintain top spots ahead of final group games
25 minutes -
‘Is EOCO responsible for determining lawyers’ fees?’ – Baffour Awuah
26 minutes -
David Beckles claims second J60 Accra title
52 minutes -
No France cocaine suspect linked to Mahama, Vice President’s security details – NACOC
60 minutes -
Anwelle Foundation launched in Jirapa to tackle poverty, youth unemployment
1 hour -
Joy Sports Editor Fentuo Tahiru Fentuo to moderate inaugural Music Meets Football Summit in Zambia
1 hour -
Court premises too volatile for Baffour Awuah’s attempted arrest by EOCO – Inusah Fuseini
2 hours -
Drug bust: Under no circumstances will NACOC leadership be compromised – Twum-Barimah
2 hours -
VIDEO: EOCO’s attempted arrest of Baffour Awuah was flawed beyond saving – Law Lecturer
2 hours -
Genuine Ghanaian exporters may face heightened foreign inspections over drug busts – Lawyer
2 hours -
Stakeholders demand action against foreign-led illegal mining in Ahafo Region
3 hours