Statoil to sell US oil assets

Business - Published Monday, 19 October 2009 14:10 | Author: AFP / The Swedish Wire

Statoil to sell US oil assets

OSLO (AFP) - Norwegian energy giant StatoilHydro said Monday it could sell some US oil assets in the Gulf of Mexico but declined to comment on a report that the prospective buyer would be China's state-owned CNOOC.

Related news:
• Norway seeks to recover costs from StatoilHydro
• New rich oil finds off Norwegian coast

"We are currently optimising our asset portfolio. To this end, we have opened our data room on some assets bought in 2007 and 2008 so that interested companies can consult it," Kai Nielsen, a spokesman for StatoilHydro, told AFP.

Nielsen declined to comment on a report in the Wall Street Journal on Friday that the China National Offshore Oil Corporation (CNOOC) was planning to buy -- the first time a Chinese energy major would enter the US market.

In 2005, CNOOC was forced to cancel an 18.5-billion-dollar (12.4-billion-euro) deal with US company Unocal following domestic political opposition in the United States over the sale of strategic assets to China.

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Last Updated (Monday, 19 October 2009 14:32)

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