Kosmos sheds frontier portfolio
Explorer divests non-core assets to cut costs and focus attention on proven basins
US independent Kosmos Energy has agreed to farm down its participating interest in four frontier basins to Shell. The producer will offload its stake in blocks offshore Sao Tome e Principe, Suriname, Namibia and South Africa for up to $200mn. Under the terms of the deal, Kosmos will receive an upfront cash payment of $100mn and another maximum payment of $100mn, dependent on future oil discoveries. Shell will pay Kosmos $50mn for each of any first two commercial discoveries made from an initial four well drilling programme, three of which are planned to be spudded next year. The divestment is part of Kosmos’ strategy to concentrate on proven basins. “Kosmos cash flow has been heavily impac
Also in this section
8 January 2026
Indonesia and Malaysia are at the dawn of breathtaking digital capabilities. Their energy infrastructure must keep up with their ambitions
8 January 2026
The next five years will be critical for the North Sea, and it will be policy not geology that will decide the basin’s future
8 January 2026
The region’s access to versatile feedstock, combined with policy support, is setting it up to meet growing demand both at home and abroad
7 January 2026
No longer can the energy source be considered a sidekick to oil in the Middle East and neither should it step aside for less convincing alternatives
