logo
Plus   Neg
Share
Email

Kosmos Energy Signs Sale And Purchase Agreement With BP Gas Marketing

Kosmos Energy (KOS,KOS.L) said that it has 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 (MTPA) of liquified natural gas (LNG) from Phase 1 of the Greater Tortue Ahmeyim project for an initial term of up to 20 years.

Kosmos plans 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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lowe's (LOW) is temporarily increasing wages of its employees. The latest move by the hardware retailer is to help its employees cope with the economical effects caused by the ongoing COVID-19 pandemic. The company has hiked salary by $2 per hour for all full-time, part-time, and seasonal hourly associates,... Amazon.com Inc. (AMZN) Founder and CEO Jeff Bezos is donating $100 million to food banks across the U.S. to support poor people who cannot afford food during this coronavirus crisis. Bezos made a $100 million gift to Feeding America, one of the largest U.S. nonprofit focused on food security. Feeding... Facebook on Thursday shared an update on its $100 million small-business grants program announced in March, saying that it will provide $40 million in grants to 10,000 U.S. small businesses that were impacted by the coronavirus pandemic. In March, the social media giant said it is offering $100 million in cash grants and ad credits for up to 30,000 eligible small businesses.
RELATED NEWS
Follow RTT
>