Shell Seen Eying Kosmos' Ghana Oil Field Stakes


Jubilee Field
(Click to Enlarge)

LONDON (Dow Jones Newswires), Jun. 18, 2009

Royal Dutch Shell is looking at stakes put up for sale by Kosmos Energy LLC in a large Ghanaian oil field, the latest major showing interest in West Africa's new oil producing nation, people familiar with the matter said this week.

"They are looking at the data" on Kosmos' stakes in the Jubilee field, but it's unclear if they will bid, one person said. A Shell spokesman declined to comment and Kosmos didn't respond to a request for comment.

The sale could herald the majors' entry into Ghana, which is set to become an oil producer next year.

However, other people familiar with the matter have previously said the deal, with a asking price of $3 billion, can't close before a development plan is agreed between the companies involved and Ghana's government.

Apart from Kosmos, Tullow Oil PLC and Anadarko Petroleum Corp. are investors in the Jubilee field, which contains recoverable reserves of at least 1.2 billion barrels of oil equivalent.

Chevron Corp., ExxonMobil Corp., Italy's Eni SpA, India's Oil & Natural Gas Corp., and Cnooc Ltd. have also expressed interest in the Ghanaian assets, the people familiar with the matter have previously said.  

Copyright (c) 2009 Dow Jones & Company, Inc.

Related Companies
 Company: Exxon Mobil Corporationmore info


 - Exxon Misses Estimates as Cuts Fail to Offset Output Declines (Jul 28)
 - Exxon Fined for Russia Sanctions Violations Under Tillerson (Jul 20)
 - ExxonMobil Says Will Drop Discussions Over Indonesia's East Natuna (Jul 18)
 Company: Shellmore info


 - Shell Divests Stake in Saudi JV (Aug 16)
 - Australia's $180B LNG Megaproject Boom Enters Final Stretch (Aug 14)
 - BP Says It Is Considering IPO of US Pipeline Assets (Jul 18)
 Company: Anadarko Petroleummore info
 - Anadarko Becomes First US Oil Producer To Slash 2017 CAPEX (Jul 24)
 - Blast Backlash Hangs Over Drillers as 'Fractivists' Seek Limits (Jun 13)
 - Colorado Oil Tank Fire Kills One, Injures Three (May 26)
 Company: Chevron Corporationmore info
 - Jacobs Expands MSA for Chevron's US Refineries, Terminals (Aug 9)
 - Nigeria's State Oil Company Signs Deals With Chevron, Shell (Aug 3)
 - ExxonMobil Misses Estimates as Cuts Fail to Offset Output Declines (Jul 28)
 Company: ONGCmore info


 - Biggest Indian Explorer Is Said to Plan First Ever Borrowings (Aug 10)
 - India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal (Jul 20)
 - India Approves Creation of State Oil Giant in $4.6 Billion Deal (Jul 19)
 Company: ENImore info


 - Italy's Eni Confident Of Dividend Even With Lower Oil Prices (Jul 28)
 - Mexico Delays Next Oil Auction to Let Huge New Find Sink In (Jul 17)
 - Trump Administration Approves Eni Plan To Drill Offshore Alaska (Jul 13)
 Company: Tullow Oilmore info
 - Britain's Tullow Launches Oil, Gas Exploration In Zambia (Aug 11)
 - European Oil Producers' Weak Hedging Shows Bet on Price Rebound (Jul 31)
 - Tullow Plans More Ghana Wells Once Maritime-Border Spat Settled (Jul 26)
 Company: CNOOCmore info
 - Alberta Regulators Charge Nexen Energy Over 2015 Pipeline Spill (Jul 6)
 - China's Teapot Refiners Set to Slow Crude Imports as Tanks Overflow (May 26)
 - Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts (May 22)
 Company: Kosmos Energymore info
 - BP's West Africa Partner Kosmos To List In London By End-September (Aug 2)
 - BP, Kosmos Make Major Gas Find Off Coast Of Senegal (May 8)
 - BP to Create New LNG Hub in Africa with Latest Kosmos Buy (Dec 19)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Director, Business Development
Expertise: Business Development
Location: Hanover, MD
 
I&E Project Engineer (Professional Services Group)
Expertise: Budget / Cost Control|Estimating|IT - SAP / ERP|Legal|PR / Corporate Communications|Project Engineer|Project Management
Location: Narrows, VA
 
Accounts Receivable Analyst
Expertise: Accounting|Customer Service|HR - General|IT - SAP / ERP|PR / Corporate Communications|Project Management
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.8/BBL 0.13%
Light Crude Oil : $47.55/BBL 0.08%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours