Kosmos Energy has completed the sale of its interests in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy, advancing the company’s strategy to streamline its portfolio and strengthen its balance sheet.
Narrow-azimuth (NAZ) seismic acquired during the first quarter over Jubilee is undergoing processing, with initial results delivering a significant uplift in imaging quality. That should improve further through an ocean-bottom node seismic campaign, planned for later this year. The results should upgrade the velocity model, with a beneficial impact on the NAZ processing.
Ghana’s oil and gas sector is showing clear signs of resurgence, underscored by Eni’s recent declaration of commerciality for the Eban-Akoma complex in the Cape Three Points Block 4.
Under the terms of the MoU, the partners have committed to drilling up to 20 additional wells in the Jubilee field, with investments totalling up to $2 billion over the life of the licences. The partners expect a material increase in gross 2P (proven and probable) reserves, while new measures will also aim to boost gas supply and reduce costs to consumers.