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Ghana's GNPC keen to buy Kosmos Jubilee field stake

Wed Jul 8, 2009 1:44pm IST
 
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CAPE TOWN, July 8 (Reuters) - Ghana's National Petroleum Corp (GNPC) is interested in buying Kosmos Energy's 30 percent stake in the Jubilee oil field, the country's deputy energy minister said on Wednesday.

The field, operated by Tullow Oil (TLW.L: Quote, Profile, Research) in partnership with private equity-backed Kosmos Energy and Ghana's GNPC, has an estimated resource potential of up to 1.8 billion barrels.

"The government has indicated and has informed the partners that should Kosmos want to sell, the Ghana National Petroleum Corporation would be interested in buying," Kwabena Donkor, Ghana's deputy energy minister, told Reuters on the sidelines of an African energy conference. (Reporting by Wendell Roelf, writing by Agnieszka Flak)

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