Quantum Energy Partners and Chevron may bid for $22 billion of Lukoil assets

Reuters reports Chevron and private equity firm Quantum Energy Partners are teaming up to bid for Lukoil's international assets, which the Financial Times values at $22 billion.

Reuters reports that Chevron and private equity group Quantum Energy Partners are teaming up to bid for the international assets of Russian oil major Lukoil. The Financial Times is cited as reporting the assets are valued at $22 billion. The FT also reported that, if a deal is reached, Chevron and Quantum plan to split the assets between them. Chevron, Quantum, Lukoil and the White House did not immediately respond to requests for comment. Known details: - Reuters reported Chevron and Quantum are teaming up on a bid for Lukoil's international assets. - The Financial Times is cited as valuing the assets at $22 billion and reporting that the buyers would split the assets if a deal is reached. - Reuters noted that Chevron, Quantum, Lukoil and the White House did not immediately respond to requests for comment. - Reuters previously reported that Chevron was studying options to acquire Lukoil's global assets and that Saudi Arabia's Midad Energy had been reported as a leading contender. Summary: If completed, the reported bid would transfer a large package of Lukoil's international assets to new owners and could change the ownership makeup of those assets. Reports indicate the buyers would divide the assets between them. It is undetermined at this time.