Kosmos Energy confirms licence extensions in Ghana

Kosmos Energy has reported that the Ghanaian parliament has ratified licence extensions for the West Cape Three Points and Deepwater Tano Petroleum Agreements. The licences cover the Jubilee and TEN oilfields, and will allow production activities to continue until 2040. Kosmos stated that these arrangements are expected to attract up to $2bn in additional investment and increase domestic gas supply for power generation. According to Kosmos, the amended development plan for the Jubilee field will see th ...