Tullow pre-empts Kosmos deal off Ghana
Tullow pre-empts Kosmos deal off Ghana
Tullow Oil has pre-empted the sale of Occidental Petroleum’s stake in the Jubilee and TEN fields to Kosmos Energy, in Ghana.
Tullow said it would pay around $150 million to carry out the acquisition, in the Deep Water Tano licence. This would take its stake to 38.9% in the Jubilee field and 54.8% in TEN.
The company said it based this on the expectation that the other partners would exercise their pre-emption rights.
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