CNPC
bids for Marathon's Angola oil fields
 |
| David Nealis President Ceres Ltd |
China's
largest oil and gas producer, China National Petroleum Corp (CNPC), is among
the list of bidders for Marathon Oil Corp's stake in two offshore oil and gas
fields in Angola, Africa. CNPC as well as Malaysia's Petronas are reportedly
bidding for Marathon Oil Corp’s Block 31 and 32 offshore fields in Angola,
Marathon Oil Corp is a Houston, Texas based company, they have recently put the
oil fields up for sale. Sources close to the deal have said the American oil
company is focusing on the home market and scaling back global ambition, partly
due to the boom in American oil production. Both CNPC and Petronas have not
issued any official statements regarding their bids.
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