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Kosmos to Buy into Senegal Offshore Blocks for $400 mln

2014-10-05 23:24:56| Oil & Gas - Topix.net

Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million.

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