Kosmos Energy Increased Its Working Interest To 90% And Assumed Operatorship Of Yakaar-Teranga Gas Discoveries Offshore Senegal
Portfolio Pulse from Benzinga Newsdesk
Kosmos Energy has increased its working interest to 90% and assumed operatorship of the Yakaar-Teranga gas discoveries offshore Senegal, following BP's exit from the field. Yakaar-Teranga is one of the world's largest gas discoveries in recent years, holding around 25 trillion cubic feet of advantaged gas.
November 06, 2023 | 7:24 am
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POSITIVE IMPACT
Kosmos Energy's increased stake and operatorship in the Yakaar-Teranga gas discoveries could potentially boost its revenues and profitability in the long run.
Kosmos Energy's increased stake in the Yakaar-Teranga gas discoveries, one of the world's largest gas discoveries, could potentially increase its revenues and profitability. The negligible carbon dioxide content and minimal impurities of the gas also reduce the need for processing, potentially lowering costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100