Chevron Seeks to Sell Equatorial Guinea Oil & Gas Assets
Source: www.gulfoilandgas.com 2/21/2022, Location: Africa
Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers.
The U.S. company acquired the assets in the west African country as part of the $13 billion acquisition of Noble Energy in 2020.
Chevron has hired investment bank Jefferies to run the sale process which could raise as much as $1 billion, the sources said.
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