Kosmos still eyeing sale of Ghanaian fields-sources'

Wed Jul 15, 2009 4:43pm BST
 
Email | Print | | Single Page
[-] Text [+]

LONDON, July 15 (Reuters) - Private equity-backed Kosmos Energy is still mulling a possible sale of its Ghanaian oil interests, despite securing a loan to fund the fields' development, industry sources familiar with the matter said on Wednesday.

The potential sale of its stakes in two oil blocks offshore Ghana, which analysts said could raise $3-5 billion, is one of a number of options Kosmos is mulling, including an initial public offering and the sale of a stake in Kosmos itself.

"The process continues," one source familiar with the matter said. (Reporting by Tom Bergin; Editing by David Holmes)

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos