Kosmos lassos Maersk Discoverer

January 2, 2014

Kosmos Energy Ltd. signed a one well rig share agreement with BP plc and Maersk Drilling for use of the rig Maersk Discoverer. The rig is expected to commence drilling operations on the FA-1 (formally Eagle-1) exploration well in the Foum Assaka offshore block in Morocco in 1H 2014. Kosmos expects operations to take up to three months to complete.

The Maersk Discovereris a GustoMSC DSS 21 designed, sixth generation, ultra-deepwater, dynamically positioned semisubmersible rig. Construction was completed at the Keppel FELS yard in Singapore in 2009. The rig is capable of drilling down 30,000ft, and operating in water depths of up to 10,000ft. The Maersk Discoveer has been working offshore Egypt for BP since 2012.

In October, Kosmos entered into three farmout agreements with BP covering three blocks in the Agadir Basin offshore Morocco. Terms of the farmout dictate that BP will fund Kosmos share of the well costs, subject to an agreed maximum spend, the company said.

Kosmos operates the Foum Assaka license with 29.925% interest. Its partners include Office National des Hydrocarbures et des Mines (ONHYM) (25%), BP (26.325%), and Pathfinder Hydrocarbon Ventures Ltd (18.75%).



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