One-Page Deal Sheet
Kosmos/Trident Acquires Equatorial Guinea Assets From Hess For $650 Million
Not Disclosed Not Disclosed
Announced Date
October 24,2017
Effective Date
January 01,2017
Close Date
November 28,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
650
Asset/Basin:
{"Rio Muni Basin"}
% Oil:
100 % oil
Location
Calculated Metrics( EV/Category)
Region
Africa - West Africa
Country
Equatorial Guinea
Play
Production Production
28,000 Bop/d
Production Mix
100 % Oil
Calculated Metrics( EV/Category)
$/ Flowing
23,214
Transaction Details:
Kosmos and Trident has agreede to acquire an interest in three exploration licenses, as well as Hess Corporation’s interest in the adjacent Ceiba Field and Okume Complex assets offshore Equatorial Guinea for $650 million. Kosmos will be primarily responsible for exploration and subsurface evaluation while Trident, a newly formed international oil and gas company supported by Warburg Pincus , will be primarily responsible for production operations and optimization.
During 1H 2017, net production from the company's assets in Equatorial Guinea averaged 28,000 bopd.
Map
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