Wintershall Eyes Oxy Assets in Libya

Germany's Wintershall is reported to be interested in buying some or all of the Libyan assets of Occidental Petroleum.

The Wall Street Journal said that Houston-based Occidental has sought and obtained permission from the National Oil Corporation (NOC) to allow Wintershall access to confidential data on the fields it partly owns.

Occidental currently participates, along with Austria’s OMV, in several oilfields in the Sirte basin that have produced only insignificant volumes, as well as a number of onshore exploration blocks, according to Upstream Online.

(Source: Wall Street Journal, Upstream Online, Petroleum Africa)

(Picture: Mario Mehren, Wintershall)

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