BP PLC (BP) has joined the race for oil explorer Cove Energy PLC (COV.LN), a company that discovered an ample gas field just off the coast of Mozambique, The Sunday Times reports.

Cove Energy was put on sale earlier this month, and this has since led to a scramble by oil giants and state-owned Asian firms, who are keen to secure new energy sources, the newspaper adds.

Neither BP or Cove Energy were available for immediate comment Sunday.

Website: www.thesundaytimes.co.uk

-London bureau, Dow Jones Newswires; +44 (0)20 78 42 9330; generaldesklondon@dowjones.com

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