Chevron and Quantum Prepare $22 Billion Bid for Lukoil Assets

Chevron and Quantum Energy Partners have teamed up on a joint bid for the international assets of Russian oil major Lukoil, estimated to be worth $22 billion, the Financial Times reported today without going into detail about the bid. Reuters noted in its own report on the FT news that Chevron has been mulling over a bid for Lukoil’s global businesses since November last year. According to the FT report, the plan was to buy the assets and then split them with Quantum Energy Partners. The assets, including both upstream and downstream operations…