BP's Africa Partner Kosmos Reports Positive Gas Drill Test
Oil and gas producer Kosmos Energy (KOS) , which along with oil major BP Plc plans to produce gas off Mauritania coast, said a test drill showed that a key field would produce about 60 million cubic feet of gas per day.
Kosmos, which was admitted to trading on the London Stock Exchange's main market on Tuesday, claimed the well is capable of producing about 200 million cubic feet per day once fully operational.
The company had in 2015 discovered a gas pool in the Tortue 1 exploration well, part of the Greater Tortue Complex spanning Senegal and Mauritania, contained more than 15 trillion cubic feet of gas.
Last year, BP acquired working interest in Kosmos' exploration blocks in Mauritania and Senegal, including the Tortue field.
Oil majors including BP and Total are investing in the waters of Senegal and Mauritania, boosted by recent drilling successes and relatively low costs.
Kosmos holds a 28 percent interest in Tortue, BP 62 percent, and Mauritania's state-run oil company Societe Mauritanienne des Hydrocarbures et de Patrimoine Minier the rest.
Reporting by Arathy S Nair
