Kosmos Energy makes discovery in US Gulf of Mexico while pursuing completion of African floating LNG project
Kosmos Energy, the Dallas-based company developing the much-anticipated floating liquefied natural gas projects offshore Mauritania and Senegal in West Africa,has made an oil discovery in the US Gulf of Mexico.
Kosmos finance deal
Oct 5 (LNGJ) - Kosmos Energy, whose projects include the floating LNG ventures being developed offshore Mauritania and Senegal in West Africa, said it closed its Gulf of Mexico financing with Beal Bank USA and Trafigura Trading. “Kosmos has changed its previously announced Gulf of Mexico prepayment facility into a five-year $200 million term-loan facility secured against the company’s US Gulf of Mexico assets,” said Dallas, Texas-based Kosmos.
In Africa operations, Kosmos has said Phase 1 of the Greater Tortue-Ahmeyim natural gas project offshore Mauritania and Senegal was now more than one-third complete. However, work on a breakwater installation was disrupted as a result of Covid-19 mitigation measures, meaning a delay to the venture of about 12 months. This added to another delay instigated by Kosmos partner BP for a later delivery of the first FLNG production hull.
