ONGC keen to grab a share in Ghana's Jubilee oilfield

State-run Oil and Natural Gas Corp (ONGC) is interested in acquiring a stake in Ghana’s giant Jubilee oilfield, but the African nation has exercised its first right of refusal on the stake sale.

“Lot of companies are interested in buying Jubilee stake. I’m sure ONGC is one of them,” Ghana’s Deputy Energy Minister Emmanuel Armah-Kohi Buah told reporters here today.

Closely held US firm Kosmos Energy LLC said on October 12 it agreed to sell its Ghanaian assets, including its stake in Jubilee, to US oil behemoth ExxonMobil for $4 billion.