Panoro Energy to buy Kosmos unit holding 40.375% stake in Equatorial Guinea Block G for $180 million

Reuters02-25 05:21
Panoro Energy to buy Kosmos unit holding 40.375% stake in Equatorial Guinea <a href="https://laohu8.com/S/XYZ">Block</a> G for $180 million

Panoro Energy ASA has agreed to acquire Kosmos Energy’s subsidiary holding a 40.375% non-operated interest in Block G offshore Equatorial Guinea for an initial cash consideration of USD 180 million, with up to USD 39.5 million in deferred contingent payments tied to production and oil price thresholds. The deal would increase Panoro’s working interest in Block G, which includes the producing Ceiba field and Okume Complex, from 14.25% to 54.625% at closing, which is expected in Q3 2026.

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