Analysts are skeptical of reports CNOOC (CEO) is bidding for a 6B-barrel, $30B stake in...

|About: CNOOC Limited (CEO)|By:, SA News Editor
Analysts are skeptical of reports CNOOC (CEO) is bidding for a 6B-barrel, $30B stake in Nigeria's oil fields. A direct sale by the government would be highly disruptive to the block, of which Western majors (RDS.A, CVX, XOM, COP, TOT, ENI) already own 50%. And if CNOOC is planning to turn directly to its rivals, what might they be willing to sell?