FAR 1.75% 5.8¢ far limited

CVX-KOS farmout up north

  1. Ya
    5,398 Posts.
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    News from up north (not relevant to FAR though).

    30% farmed out by Kosmos in 3 Mauritanian blocks to Chevron. KOS will drill 2 wells using the Atwood Achiever, currently drilling AK-1 in 'rocco. The 2 wells planned are Tortue (2.1 Bboe) & Marsouin (300 mmboe), they've dropped Orca. See link below & the last preso on KOS's website.

    http://investors.kosmosenergy.com/phoenix.zhtml?c=238878&p=irol-newsArticle&ID=2013406

    http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-newsArticle&ID=2013410

    Tortue prospect straddles block C8 in Mauritania & St Louis Deep block in Senegal & the JV will drill out the Mauritanian side of the lead. Tortue will b one to watch around the June qtr (after the rig finishes a well for PVD).

    The Senegalese twin blocks were farmed out by PetroTim Ltd to Kosmos last year for 2+1 wells @ US120mil/well + seis back costs.


 
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