Kosmos expands strategic position in Gulf of Guinea
Source - SMW
Kosmos Energy, in partnership with Trident Energy, has agreed to acquire an interest in three exploration licences, as well as Hess Corporation's interest in the adjacent Ceiba field and Okume complex assets offshore Equatorial Guinea on a 50-50 basis.
Under the terms of the agreements, Kosmos will be primarily responsible for exploration and subsurface evaluation while Trident, a newly formed international oil and gas company supported by Warburg Pincus, will be primarily responsible for production operations and optimisation.
The transactions capture a material position in proven but under-explored oil basin originally discovered and operated by members of the Kosmos management team.
At 8:01am: (LON:KOS) Kosmos Energy Ltd Com Shs Usd0.01 Di share price was -6p at 565p