London. The Financial Times reported that Nigerian energy company Sunrise has offered USD 4.8bn to buy a stake in Exxon Mobil's joint venture in the country. Sunrise wants a 29% stake in the venture, which has estimated reserves of 1.6 billion to 2 billion barrels. Exxon holds a 40% stake and the rest is held by the Nigerian government, according to the paper.
The government is reported to be willing to relinquish a 19% stake and Sunrise is hoping to get the remaining 10% it wants from Exxon. It is reported that Sunrise has previously acted as representative for CNOOC Ltd, China's no. 3 oil and gas producer, which is one of several Chinese companies engaged in discussions with Nigeria about Beijing's search for proven reserves.
Reported by Cristina Gallardo, write to
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