Exxon To Snap Up $4B Stake In Ghana Oil Field

Law360, New York (October 7, 2009, 5:54 PM EDT) -- Exxon Mobil Corp. has reportedly agreed to purchase a $4 billion stake in an oil field off the coast of Ghana from Kosmos Energy LLC.

The parties have reached a binding agreement, though the terms have not been completed, according to a news report from the Wall Street Journal that cited people involved in the deal.

Exxon's purchase of Kosmos' 23.5 percent stake in the Jubilee oil field is being reviewed by Ghana National Petroleum Corp. and then will be subject to approval by the nation's...
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