Kosmos get access to offshore Mauritania

Kosmos Energy has signed three Production Sharing Contracts (PSCs) with the Government of Mauritania for Blocks C8, C12, and C13 offshore Mauritania. The blocks, which are contiguous, range in water depth between 1600 m and 3000 m (approximately 5250 to 9800 ft), and have a combined acreage extent of approximately 27,200 km² (6.7 million gross acres).

Kosmos will be operator of the three blocks with a 90% interest. The national oil company, Societe Mauritanienne des Hydrocabures (SMH), will hold a carried interest of 10%. In the initial exploration phase under each of the contracts, Kosmos plans to acquire 2D and 3D seismic data. The Company targets first drilling as early as 2014. The execution of the PSCs represents Kosmos’ initial entry into Maurtitania.

Brian F. Maxted, Chief Executive Officer, commented, “With our exploration program focused on unlocking new petroleum systems by drilling multiple basin-opening wells on an annual basis, the offshore Mauritania opportunity fits very well strategically with Kosmos’ existing portfolio.”

Read the article online at: https://www.oilfieldtechnology.com/exploration/10042012/kosmos-get-access-to-offshore-mauritania/