ExxonMobil has agreed to purchase a major stake in the Jubilee oil field off Ghana’s coast from its private equity owners for about $4bn.
The private equity owners, Blackstone and Warburg Pincus, made a total investment of $800m in Kosmos Energy, owner of the Jubilee stake, the news service said.
The Jubilee oil field, which was found in 2007 off the Ghanaian coast, is split into two licence areas. Kosmos has a 31% share in one area and an 18% interest in the other.
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