GNPC and Kosmos Energy to acquire Ghana assets of Occidental for $750m.

Ghana National Petroleum, the state agency responsible for the exploration, licensing, and distribution of petroleum-related activities in Ghana, and Kosmos Energy, an American upstream oil company, agreed to acquire Ghana assets of Occidental, an American company engaged in hydrocarbon exploration, for $750m. "With this transaction, we have achieved our post-Colombia divestiture target. Proceeds from the Ghana asset sale will be applied to debt reduction. Combined, our divestiture program and free cash flow generation have enhanced our ability to reduce debt, as evidenced by the $4.5bn we have repaid year to date. We remain committed to creating value for our shareholders through our deleveraging efforts," Vicki Hollub, Occidental President and CEO.