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Statoil says could sell US assets

by Staff Writers
Oslo (AFP) Oct 19, 2009
Norwegian energy giant StatoilHydro said Monday it could sell some US oil assets in the Gulf of Mexico but declined to comment on a report that the prospective buyer would be China's state-owned CNOOC.

"We are currently optimising our asset portfolio. To this end, we have opened our data room on some assets bought in 2007 and 2008 so that interested companies can consult it," Kai Nielsen, a spokesman for StatoilHydro, told AFP.

Nielsen declined to comment on a report in the Wall Street Journal on Friday that the China National Offshore Oil Corporation (CNOOC) was planning to buy -- the first time a Chinese energy major would enter the US market.

In 2005, CNOOC was forced to cancel an 18.5-billion-dollar (12.4-billion-euro) deal with US company Unocal following domestic political opposition in the United States over the sale of strategic assets to China.

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