NEW DELHI, Sept 24: Three state-run Indian oil firms have jointly bid to buy oil-sands assets owned by ConocoPhillips valued at $5 billion, a report said on Monday, as India seeks new energy sources to fuel a growing economy.

The companies have bid for Houston-based ConocoPhillips's assets in the western Canadian province of Alberta, said an executive at ONGC Videsh Ltd, the overseas investment arm of ONGC, according to the Dow Jones News Wires.

“We have bid along with Oil India and Indian Oil Corp,” said the executive, who declined to be named.

Separately another executive at state-run Oil India said the bid was submitted at the end of July, Dow Jones reported.

A spokesman at ONGC, India's largest energy explorer, said he could not immediately make a statement on the report.—AFP