Deal Insight
Oxy sells in Ghana to Kosmos and GNPC for US$750m
Report summary
Occidental has exited Ghana, selling its interest in Jubilee and TEN to field partners Kosmos and GNPC for US$750 million. The sale ends a process that began in 2019 after Occidental acquired the assets as part of its takeover of Anadarko. Simultaneous to that takeover, Occidental agreed to sell Anadarko's African portfolio to TotalEnergies, but only the Mozambique sale completed, leaving the US independent with Ghana and Algeria. Occidental will be relieved to finally offload assets that geographically were never a natural fit.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- Jubilee
- TEN development
- Other discoveries
- Deal analysis
-
Upsides and risks
- Upsides
- Risks
-
Strategic rationale
- Occidental Petroleum
- Kosmos Energy
- GNPC
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Jubilee and TEN
- Upstream assets: Table 1
What's included
This report contains:
Other reports you may be interested in
Country Report
Liberia upstream summary
Narina remains the only discovery in Liberia The oil and gas industry in Liberia is still in its infancy. Exploration in the 1970s ...
$3,400
Asset Report
Damang (Abosso) gold mine
A detailed analysis of the Damang gold mine.
$2,250
Country Report
Ghana upstream fiscal summary
Detailed analysis of the fiscal system applicable to new licences.
$1,650
