One-Page Deal Sheet
Kosmos Farms Out Offshore Asset Package to Shell for $200MM
Shell plc Kosmos Energy
Announced Date
September 09,2020
Effective Date
September 01,2020
Close Date
December 10,2020
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
200
Asset/Basin:
["Guyana\u2013Suriname Basin", "Orange Basin", "Gulf of Guinea"]
TargetZones:
[]
Location
Region
South America,Africa,Africa - West Africa
Country
Namibia
Country
Sao Tome and Principe
Country
South Africa
Country
Suriname
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Kosmos Energy has agreed to farm-down interest in certain exploration assets to Royal Dutch Shell for $200 million (comprised of $100 million, plus future contingent payments of up to $100 million - see terms below).
This deal closed on December 10, 2020.
Shell subsidiary B.V. Dordtsche Petroleum Maatschappij will acquire Kosmos’ participating interest in blocks offshore São Tomé & Príncipe, Suriname, Namibia, and South Africa.
The consideration consists of an upfront cash payment of approximately $100 million, plus contingent payments of $50 million payable upon each commercial discovery f…
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