Jan 20 (Reuters) - Blackstone is in talks to sell its Beacon Offshore Energy, ‌which operates oil and ​gas assets in the ‍U.S. Gulf of ⁠Mexico ⁠for more than $5 billion, Bloomberg ‌News reported ​on Tuesday, citing people familiar with ⁠the matter.

The ‍asset ​manager has begun early talks with investment banks ‍about a possible listing of the company as soon as the first quarter, ​the ‍report said.

The Houston-based company is likely ​to draw interest from major Gulf of Mexico producers, the people said.

Beacon Offshore Energy did ​not respond to a Reuters request for comment.

(Reporting by ‍Katha Kalia in Bengaluru)