Petroleum Africa
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Wednesday, November 7, 2018
Kosmos Energy expanded its position in Africa picking up acreage in southern Africa. The company entered into a strategic exploration alliance with Shell to jointly explore in Southern West Africa.
Initially, the alliance will focus on Namibia, where Kosmos has completed the farm-in to Shell’s acreage in PEL 39, and then moves northwest to Sao Tome & Principe where it has entered into exclusive negotiations for Shell to take an interest in Kosmos’ acreage in Blocks 5, 6, 11, and 12.
As part of the alliance, the two companies will also jointly evaluate opportunities in adjacent geographies. This alliance is consistent with Kosmos’ strategy of partnering with supermajors to leverage complimentary skillsets. Shell has deep expertise in carbonate plays, while Kosmos brings significant knowledge of the Cretaceous in West Africa. Furthermore, by working with Shell, Kosmos has a partner with the expertise to move exploration successes through the development stage efficiently.
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