Source: ExxonMobil purchases Kosmos' oil-block shares in Ghana

10/6/2009 | Wall Street Journal, The

ExxonMobil reportedly has acquired Kosmos Energy's shares in oil blocks off of Ghana's coast that hold major finds. The agreement marks ExxonMobil's first foray into a potential major oil province could lead to further deals. The financial terms of the transaction were not revealed, but Morgan Stanley analysts estimated the value of Kosmos' stake to be worth between $3.3 billion to $5 billion.

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