Offshore Senegal Deal Looms for Petrosen

Maritime Activity Reports, Inc.

October 5, 2014

Cayar and St. Louis offshore blocks

Cayar and St. Louis offshore blocks

Senegal's state owned hydrocarbon firm Petrosen is set to sign a $400 million "farm-in" agreement with Kosmos Energy and Timis Corp regarding its Cayar and St. Louis offshore blocks, a draft document seen by Reuters on Saturday showed.

According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well, or alternatively a first appraisal well, to a value of another $120 million.

Reporting by Diadie Ba



 

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