Kosmos sheds frontier portfolio
Explorer divests non-core assets to cut costs and focus attention on proven basins
US independent Kosmos Energy has agreed to farm down its participating interest in four frontier basins to Shell. The producer will offload its stake in blocks offshore Sao Tome e Principe, Suriname, Namibia and South Africa for up to $200mn. Under the terms of the deal, Kosmos will receive an upfront cash payment of $100mn and another maximum payment of $100mn, dependent on future oil discoveries. Shell will pay Kosmos $50mn for each of any first two commercial discoveries made from an initial four well drilling programme, three of which are planned to be spudded next year. The divestment is part of Kosmos’ strategy to concentrate on proven basins. “Kosmos cash flow has been heavily impac
Also in this section
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
