China's CNOOC may buy Tullow's Bangladesh, Pakistan assets in package deal
China National Offshore Oil Corp. may buy Tullow Oil's assets in Bangladesh and Pakistan that the UK company plans to sell as a package deal, a CNOOC source said Thursday.
CNOOC had been eyeing only the Bangladesh assets initially and had held talks with Tullow, he said. But as Tullow later decided it wanted to sell its Bangladesh and Pakistan assets in a package deal, CNOOC will continue its discussions with the company, he added.
Though he admitted that the Pakistan assets might be priced very low, he declined to talk about the price levels under discussion.