Equatorial Guinea
Kosmos Energy has agreed to sell its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets offshore Equatorial Guinea to Panoro Energy for $180 million, plus future contingent payments of up to $39.5 million.
The transaction has an effective date of January 1, 2025, and is expected to close mid-year 2026.
Read the full news release to learn more.
Separate from the Ceiba and Okume Complex production assets, Kosmos has interests in two exploration blocks offshore Equatorial Guinea: EG-24 and EG-01. These blocks provide exploration opportunities for near-field short-cycle tie-backs through existing infrastructure with good fiscal terms, as well as larger play extension exploration opportunities.
| BLOCK G (CEIBA AND OKUME) PARTICIPATING INTEREST |
|
|---|---|
| KOSMOS ENERGY | 40.375% |
| TRIDENT ENERGY (OPERATOR) | 40.375% |
| PANORO ENERGY | 14.25% |
| GEPETROL | 5% |
| EG-01 PARTICIPATING INTEREST |
|
|---|---|
| PANORO (OPERATOR) | 56% |
| KOSMOS ENERGY | 24% |
| GEPETROL | 20% |
| BLOCK EG-24 PARTICIPATING INTEREST |
|
|---|---|
| KOSMOS ENERGY (OPERATOR) | 80% |
| GEPETROL | 20% |
Block G (Ceiba and Okume)
Participating Interest
0%
Kosmos Energy
0%
Trident Energy (Operator)
0%
Tullow Oil
0%
GEPetrol
Block S, W and EG-21
Participating Interest
0%
Kosmos Energy (Operator)
0%
Trident Energy
0%
GEPetrol
Block EG-24
Participating Interest
0%
Kosmos Energy
0%
Ophir Energy (Operator)
0%
GEPetrol
