CNOOC (CEO) and Sinopec (SNP) are reportedly considering offering at least $7B for a stake in...

|About: CNOOC Limited (CEO)|By:, SA News Editor

CNOOC (CEO) and Sinopec (SNP) are reportedly considering offering at least $7B for a stake in assets from Brazil's OGX Petroleo & Gas Participacoes (OGXPY.PK). OGX's CFO says the company's in "no big hurry" to sell because of the large potential to discover more oil in the areas.