Warburg Pincus-backed Trident Energy is in talks to acquire ExxonMobil’s 71% stake in the Zafiro oil and gas field off Equatorial Guinea.
Multiple sources confirmed that discussions are under way amid suggestions that a deal could be worth “close to $1 billion”, though other sources were more cautious and suggested that the vaule of the deal would be lower.
Some sources said a deal could be made public by the end of this year.
