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Kosmos Energy and BP Gas Marketing ink pact for LNG Supplies from Greater Tortue Ahmeyim

Gasoil News - Published on Thu, 20 Feb 2020

Image Source: Kosmos Energy BP Gas
Kosmos Energy announced that the company and its partners have signed a Sale and Purchase Agreement with BP Gas Marketing Limited, a wholly owned subsidiary of BP plc. The SPA is for 2.45 million tonnes per annum of liquified natural gas from Phase 1 of the Greater Tortue Ahmeyim project for an initial term of up to 20 years.

Following the signing of the SPA, Kosmos intends to book net proved reserves of approximately 100 million barrels of oil equivalent associated with Phase 1, as evaluated by the company’s independent reserve auditor Ryder Scott Company, LP. The company expects to book additional reserves when further phases of the Tortue project are sanctioned and sale and purchase agreements signed for the offtake volumes.

Partners in the cross-border Greater Tortue Ahmeyim project, located offshore Mauritania and Senegal, include SMHPM, Petrosen, BP, and Kosmos.

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Posted By : Yogender Pancholi on Thu, 20 Feb 2020
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