News says CNOOC plans to buy 3 billion dollars for African oil companies

Source: Internet
Author: User
Keywords Acquisitions CNOOC Africa
Tags agency company market source the source the source said
The source said in Friday that CNOOC had hired Goldman Sachs as a consultant to deal with the acquisition of African oil companies, which involved $3 billion trillion in acquisitions. The market has also been the scene of a wave of oil companies ' acquisitions after Sinopec (00386), a parent company, denied a bid of $8 billion to buy Swiss Addax.  China Sea oil (00883) has hired Goldman Sachs as a consultant to deal with the acquisition of Kosmos Energy, an African oil company, which involved $3 billion trillion, foreign reports said. The Kosmos energy, which CNOOC wants to acquire, has previously received $800 million trillion in financing from Blackstone and Warburg Pincus and hired Standard Chartered and Barclays to help sell stakes in offshore oilfields in Jubilee, Ghana, Reuters said.  The oil field reserves or will have 1.2 billion barrels of crude oil, worth as much as $15 billion. In addition to CNOOC, ONGC, India's oil and gas company, the largest energy exploration company in India, has also kosmos a bid to offer advisers to several large investment banks, including JPMorgan, BofA Merrill Lynch and Citigroup. Goldman declined to respond to the bid, and a spokesman for CNOOC and ONGC failed to reach it.
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