Kosmos Energy Completes $127M Sale of Equatorial Guinea Assets to Panoro Energy

Kosmos Energy has completed the sale of its participating interests in the Ceiba Field and Okume Complex production assets, located offshore Equatorial Guinea, to a subsidiary of Panoro Energy ASA. The transaction closed on June 16, 2026.

Key Details

• Assets Sold: All participating interests in the Ceiba Field and Okume Complex in Block G offshore Equatorial Guinea.
• Financial Terms: Kosmos received final cash consideration of approximately $127 million upon completion, after closing adjustments. The company is also entitled to future contingent payments of up to $39.5 million.
• Contingent Consideration: The potential future payments are tied to production performance at the Ceiba field ($12.5 million) and specific production and oil price thresholds in 2027, 2028, and 2029 ($9.0 million per year).