(Reuters) – The private equity backers of oil firm Kosmos Energy are considering taking it public in either the U.K. or U.S., which could value the company at around $5 billion, the Financial Times reported on Thursday.
Kosmos, backed by private equity firms Warburg Pincus (WP.UL) and Blackstone Group LP (BX.N:), had agreed to a deal last year to sell its interests in Ghana’s Jubilee oilfield to Exxon Mobil Corp (XOM.N:) for $4 billion, sources close to the deal had said at the time.
That deal, however, was scuppered in August. The proposed transaction had met fierce resistance within the West African state.
Two sources familiar with the situation told Reuters on Thursday that the private equity firms were considering options for the business which could include an IPO, but said no decisions have been made. A strategic sale is still not ruled out, one of the sources said.
Kosmos was not immediately available for comment.