DALLAS, November 06, 2023 Kosmos Energy Ltd. ("Kosmos" or the "Company") (NYSE/LSE: KOS) announced today that it has increased its working interest to 90% and assumed operatorship, subject to customary government approvals, of the world-scale Yakaar-Teranga gas discoveries offshore Senegal. The increase in working interest follows BP’s exit from the field.
The Tarantula Deep 1 well reached a total depth of 4,121 meters and intersected a 63-meter gross section of high-quality Kingia Sandstone reservoir, Beach said.
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Gas discoveries in Israel over the last two decades have transformed the economy and turned it into an exporter of the fuel. Some of the supply goes to Egypt which in turn pushes it to Europe, just as the continent was seeking alternatives to Russian pipeline flows.
The SISGES project is a two-phase development that will monetise more than 10 trillion ft3 of gas discoveries with high contaminants, off the coast of Sarawak.