Cnooc, PetroChina Eye Talisman Energy, Santos Stakes - Report
20:38 EDT Sunday, May 25, 2008
HONG KONG (Dow Jones)--Cnooc Ltd. (CEO), China's largest listed offshore oil and gas producer by output, held talks with Canada-based Talisman Energy Inc. ( TLM), the South China Morning Post reported Monday, citing unnamed sources.
The talks could lead to Talisman asset sales or a complete takeover of the oil and gas exploration and production company by Cnooc, the report said.
Separately, PetroChina Co. (PTR), China's largest listed oil company by output, is considering taking a stake in Australian oil and gas exploration and production company Santos Ltd. (STO.AU).
PetroChina is also interested in taking a stake in or acquiring the world's fifth-largest oil and gas company, Repsol YPF S.A. (REP), which is considering restarting the sale of its Latin American assets that could be valued at US$10 billion, the paper said, adding that spokesmen at the four companies declined to comment.
Newspaper Web site: http://www.scmp.com/
-By Hong Kong Bureau, Dow Jones Newswires; 852-2802-7002; djnews.hongkong@ dowjones.com (END) Dow Jones Newswires
05-25-08 2038ET
Copyright (c) 2008 Dow Jones & Company, Inc.