Afren ponders sales of Kurdistan, east Africa oilfields-report

LONDON Sun Feb 3, 2013 12:16pm EST

Related Topics

LONDON Feb 3 (Reuters) - London-listed oil explorer Afren has hired a corporate finance firm to look into selling its oil fields in Kurdistan and east Africa, leaving the group focused on its main assets in Nigeria, The Sunday Times reported.

Interest in both regions has soared after a string of discoveries, the newspaper said, and both China's Sinopec and U.S. oil company Exxon could be interested in buying the assets, which could fetch up to 1 billion pounds ($1.6 billion).

Afren has appointed Steen Associates to look into both a sale and alternative plans, it said.

A spokesman for Afren declined to comment on the report.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.