DALLAS – Kosmos Energy has signed two production sharing contracts with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname, for offshore blocks 42 and 45.
The two blocks cover a total area of nearly 3 million gross acres (12,141 sq km), in water depths of between 650 and 8,500 ft (198 and 2,2591 m). Kosmos will operate both blocks with 100% working interest.
In the initial exploration phase under each of the contracts, Kosmos plans to acquire 3D seismic data. The company targets first drilling as early as 2014.
Kosmos in Morocco -- Kosmos Energy also has entered into a Reconnaissance Contract for the Tarhazoute block offshore the Kingdom of Morocco. Covering 1.9 million gross acres (7,689 sq km) in water depths of between 3,250 and 8,200 ft (990 and 2,500 m), Tarhazoute is offshore in the Agadir basin immediately between the company’s Essaouira and Foum Assaka blocks.
Kosmos will be the operator with a 100% working interest. The Reconnaissance Contract has a one-year term, after which the Company has the right to enter into a petroleum agreement for the acreage. Kosmos will initially reprocess existing 2D seismic.