Oil India Said to Consider Purchase of Maurel’s Gabon Fields

Oil India Ltd., the nation’s second-biggest state-run oil producer, is in talks to buy a stake in Etablissements Maurel & Prom SA’s assets in Gabon, three people with direct knowledge of the matter said.

Oil India is studying the fields and plans to appoint banks for financial due diligence soon, two of the people said, asking not to be identified because the talks are private. Maurel wants to sell a controlling stake in the fields, which may be valued at more than $1.5 billion, one person said.