Kosmos on Track for Mauritania, Senegal Deal
Kosmos Energy anticipates that, by the end of the year, it will have agreed to sell down its stake in projects off the coast of Mauritania and Senegal in which it partners with BP, the company said in its 2Q 2019 report released 5 August.
In December, BP and its partners sanctioned the development of the Greater Tortue Ahmeyim gas project off the coast of Mauritania and Senegal, a first for the West African nations. Kosmos has a 30% stake in Senegal and 28% in Mauritania. In May, it said it had received interest in the projects leading to a formal process to reduce its interest to 10% in the region.
Kosmos said in its report that the Greater Tortue Ahmeyim project remains on track with progress being made across all Phase 1 project areas including subsea, an FLNG vessel, HUB terminal, and an FPSO. Pre-FEED work is ongoing for Phases 2 and 3. Kosmos said these phases are expected to expand the hub’s capacity to nearly 10 mtpa of LNG for export. The project is scheduled to deliver first gas in the first half of 2022.
The Tortue FLNG vessel will produce 2.5 mpta of LNG, and the field holds approximately 15 Tcf in total gas resources. Last month, BP announced that it had encountered an additional 30 m of net gas pay.
Other partners in the project include SMPHM and Petrosen. Following the FID, BP has awarded several contracts, including an EPCIC of the FPSO to TechnipFMC and a SURF and SPS deal to McDermott and Baker Hughes, a GE company.
Saipem Considering Merger With Subsea 7
Bloomberg reports that Saipem is seeking to bulk up and weather an industry downturn. A potential deal could create an oilfield service giant with more than $12.4 billion in revenue.
BP, Total Sign Supply Deals With ADNOC LNG
ADNOC said the agreements will maximize its access to new markets, effectively booking out the majority of its LNG production through the start of 2022.
Ithaca Completes $2-Billion Deal for Chevron’s North Sea Assets
The deal, first announced in May, gives the Delek subsidiary 10 additional producing field interests in the UK North Sea, boosting its 2019 production by 300%.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
14 November 2019
11 November 2019
12 November 2019
12 November 2019