Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Sao Tome & Principe
Shell has struck a deal to farm into Kosmos Energy’s portfolio offshore Sao Tome & Principe, Suriname, Namibia and South Africa.
Kosmos Energy has set out plans to reduce planned capital expenditure in 2020 to under $250 million.
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.