Deals
Cnooc, GNPC Said to Bid $5 Billion for Jubilee Stake
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Cnooc Ltd., China’s largest offshore oil producer, and Ghana National Petroleum Corp. made a $5-billion bid to buy Kosmos Energy LLC’s assets in the West African country, including its stake in the Jubilee field, according to three people with knowledge of the matter.
The all-cash, fully financed bid, the first from the Cnooc-Ghana National group, was received about two weeks ago, said the people, who declined to be identified as the talks are private.