Dallas-based Kosmos Energy said it expects to reach an agreement on the sell-down of its position in Mauritania and Senegal region to 10 percent by year-end.
The company started the formal process to sell down its position in Mauritania and Senegal to around 10 percent in May.
Kosmos is partnering BP in the Greater Tortue Ahmeyim project located offshore Mauritania and Senegal. The company noted in its recent report that progress being made across all Phase 1 project areas including subsea, FLNG vessel, HUB Terminal, and FPSO vessel.
Pre-FEED work is ongoing for Phases 2 and 3 and these next phases are expected to expand the capacity of this hub to almost 10 MTPA of LNG for export.
In July, Kosmos announced that the Greater Tortue Ahmeyim-1 well (GTA-1), drilled on the eastern anticline within the unit development area of Greater Tortue Ahmeyim, encountered approximately 30 meters of net gas pay in a high-quality Albian reservoir. Results from GTA-1 demonstrate that the gas resource at Greater Tortue Ahmeyim continues to grow and could lead to further offtake expansion of the project.
The GTA-1 well was designed as a future producer and will be used to further optimize the development drilling plans for the BP-operated project.