The wells represented about 9% of Cepsa's overall production in 2022, the newspaper said without providing any value for the assets.

The company declined to comment on the potential deal but told Reuters it is constantly evaluating its options to maximize the value of its assets within is transformation strategy.

Cepsa, which is controlled by Abu Dhabi state investor Mubadala and U.S. firm Carlyle Group, has said it seeks to become a leader in biofuels and green hydrogen.

As part of that strategy it sold its oil and gas exploration and production assets in the United Arab Emirates to French oil major TotalEnergies earlier this year.

(Reporting by Inti Landauro; editing by Jason Neely)