Exxon Said to Pay $4 Billion for Oil Field
The energy giant Exxon Mobil has agreed to pay about $4 billion for a minority stake in an oil field off the coast of Ghana, a region that has emerged as a major new petroleum province, a person with knowledge of the matter said Tuesday.
Exxon’s acquisition of 23.49 percent of the Jubilee oil field underscored the interest that energy companies have shown in the 700 miles of Western African coastline that stretches from Sierra Leone to Ghana.
Source: New York Times
