Kosmos Energy, Shell Form Alliance

Oil and gas exploration and production company Kosmos Energy (KOS) said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore in Southern West Africa.

Initially, the alliance will focus on Namibia, where Kosmos has completed the farm-in to Shell's acreage in PEL 39, and Sao Tome & Principe where it has entered into exclusive negotiations for Shell to take an interest in Kosmos’ acreage in blocks 5, 6, 11, and 12.

As part of the alliance, the two companies will also jointly evaluate opportunities in adjacent geographies.