Kosmos Energy sees investment decision in 2018 as Mauritania, Senegal sign agreement
Source - SMW
Kosmos Energy said it expects a final investment decision near the end of 2018 for its Tortue natural gas field and aims for first gas in 2021 after governments of Mauritania and Senegal signed an Inter-Governmental Cooperation Agreement (ICA) last week.
Kosmos chairman and chief executive officer Andrew G. Inglis said: 'Kosmos congratulates Mauritania, Senegal, and their respective ministries and national oil companies for working together so effectively to reach an agreement that enables their shared gas resources to be developed quickly and efficiently for the benefit of both countries.'
'The innovative near-shore LNG concept being used for Tortue positions the development as one of the lowest cost green-field LNG projects in the world. We look forward to working with BP and our national oil company partners to continue the front-end engineering design process that will enable a final investment decision around the end of 2018.'
(LON:BOR) Borders Southern Petroleum PLC share price was -0.13p at 3.25p
(LON:CHAR) Chariot Oil Gas Ltd share price was +0.61p at 20.28p
(LON:ENQ) EnQuest Plc share price was +2.05p at 32.45p
(LON:GKP) Gulf Keystone Petroleum share price was +6.4p at 112.4p
(LON:GPX) Gulfsands Petroleum PLC share price was 0p at 4.85p
(LON:INDI) Indus Gas Ltd share price was 0p at 339p
(LON:KOS) Kosmos Energy Ltd share price was +5p at 410p
(LON:PET) Petrel Resources PLC share price was 0p at 2.75p
(LON:RKH) Rockhopper Exploration PLC share price was +0.58p at 23.13p
(LON:RPT) Regal Petroleum PLC share price was +0.6p at 21.6p