Private equity backed Kosmos Energy is proceeding with plans to sell its stake in the large Jubilee oil field offshore Ghana despite securing $750 million in loans Tuesday to fund development, two people familiar with the matter told Dow Jones Newswires Wednesday.

Kosmos hopes to have a shortlist of bidders for their stake in the field ready by Friday, one person said. A large number of major international and state-owned oil and gas companies are among potential buyers, the person said.

Company Web site: http://www.kosmosenergy.com

-By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; james.herron@dowjones.com