Kosmos cancels sale of Ghana assets

The private equity-backed oil company has shelved the estimated $4bn sale of a west African oil field to Exxon

Blackstone and Warburg Pincus-backed Kosmos Energy said it has called off the sale of its Ghana oil assets to Exxon Mobil, dealing a blow to the US oil group's drive to tap a major new oil region in west Africa.

Closely-held Kosmos said it was now focused on developing the huge Jubilee oil field and appraising new offshore discoveries with partners such as Anadarko Petroleum and Tullow Oil.

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