Kosmos Energy Announces Completion of Sale of Equatorial Guinea Production Assets to Panoro Energy

Kosmos Energy closed the sale of its Ceiba Field and Okume Complex assets in Equatorial Guinea to Panoro Energy for approximately $127 million in cash. The transaction removes about $140 million in asset retirement obligation liability and divests 5,800 barrels of oil per day of high-cost production, with proceeds used to repay borrowings under its RBL credit facility.

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