At a late stage of sale, Oxy’s Ghanaian assets show a loss
The American oil company, looking to sell its shares in two offshore blocks inherited from Anadarko (Jubilee Tano Field), depreciated its assets in 2020 and again this first quarter. CNOOC and the Carlyle Group are in the running.
20/05/2021 at 17h57, by Africa Business+
Still declared actively for sale, Occidental Petroleum’s (Oxy) stakes in Ghana in the offshore Jubilee field recorded a poor financial performance with substantial losses at the start of the year.
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After Total backs out of acquisition, Oxy scrambles to sell its offshore assets in Ghana
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