Kosmos sells 40.375% Equatorial Guinea interest to Panoro for up to $219.5M

Kosmos Energy Ltd.

Upfront cash of $180M plus contingent payments of up to $39.5M linked to production and oil price.
Proceeds will reduce borrowings under reserves-based lending (RBL) credit facility.
Transaction effective Jan 1, 2025; expected close mid-2026 after CEMAC customary approval.
Government of Equatorial Guinea has approved; only CEMAC approval remains.
Kosmos expects ~$100M total savings in capex and G&A over two years post-close.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Kosmos Energy Ltd. entered into Share Sale and Purchase Agreement with Panoro Energy Block G Limited valued at $180 million (effective 2026-02-24).

Action: entry
Agreement: asset purchase
Counterparty: Panoro Energy Block G Limited
Value: $180 million
Effective: 2026-02-24

Exact text from the filing

On February 24, 2026, Kosmos Energy Operating (“KEO”), a wholly-owned subsidiary of Kosmos Energy Ltd. (“Kosmos” or the “Company”), and Panoro Energy Block G Limited (the “Purchaser”), a wholly-owned subsidiary of Panoro Energy ASA, entered into a Share Sale and Purchase Agreement (the “SPA”) for the sale of all of the shares of KEO’s wholly-owned subsidiary, Kosmos International Petroleum, Inc., which indirectly holds a 40.375% participating interest in the Ceiba Field and Okume Complex production assets located in Block G offshore Equatorial Guinea, for upfront cash consideration of $180 million, subject to certain adjustments, and future contingent consideration of up to $39.5 million

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Kosmos Energy Ltd. filing history →

Source: SEC EDGAR

accession 0001509991-26-000013

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