UK-listed Ophir Energy has signed a farm-out agreement with United States-listed Kosmos Energy that will see the US company acquire a 40% interest in the EG-24 exploration licence offshore Equatorial Guinea.
Ophir will remain as operator of the block.
The companies are expected to proceed with a 3D seismic study of the licence, which Kosmos will finance. Kosmos is also expected to carry Ophir’s costs if the partners choose to drill a well in the second phase of exploration, and it will cover its...
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