On Wednesday, oil and gas producer Occidental Petroleum Corp. announced that it will sell its two Ghanaian assets.
Occidental will sell its interests in two Ghana offshore fields to Kosmos Energy and Ghana National Petroleum Corp. for USD750 million. The transaction includes Occidental's interests in both the Jubilee and TEN fields, which, in the second quarter of this year, together had net production of 22,000 boepd.
The proceeds from the Ghana asset sale will be used to cut debt.
