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Batista Has Five Potential Offers for OGX Oil Assets

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By Juan Pablo Spinetto

March 15, 2011 at 3:22 PM UTC

This article is for subscribers only.

Billionaire Eike Batista said he received five potential offers for stakes in Brazilian oil fields controlled by his OGX Petroleo e Gas Participacoes SA as crude prices trade near their highest in 29 months.

Batista said yesterday in an interview that the offers didn’t come from Chinese companies, without naming the potential bidders. In September, he said that China’s Cnooc Ltd. and China Petrochemical Corp. were among those interested.