Kosmos Energy finalized the sale of its Ceiba Field and Okume Complex interests in Equatorial Guinea to Panoro Energy.
The transaction generated an initial cash payment of approximately $127 million after closing adjustments.
Kosmos may receive up to $40 million in additional contingent payments linked to future oil prices and production.
The company will use the proceeds to reduce borrowings under its reserves-based lending facility.
The divestiture removes approximately $140 million in asset retirement obligations from the balance sheet.
Kosmos will issue updated full-year 2026 guidance in August.