Shell buys interest in Kosmos Energy exploration projects

In Corporate
September 9, 2020
S

Oil and gas group Shell has made a deal with the American Kosmos Energy about a takeover of interests in various exploration projects. This amounts to USD 100 million, plus future payments of up to USD 100 million.

These are four projects off the coast of West Africa and Surinam. Exploration drilling is planned for 2021 for three of the four projects. The transaction between Shell and Kosmos should be completed by the end of this year.

By: Abaigael Schlomski

Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.

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