Published On:January 6 2014
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Morocco: Kosmos Energy announces rig share agreement with BP for exploration well offshore Morocco.
Kosmos Energy has entered into a one well rig share agreement with BP and Maersk Drilling, a unit of A.P. Moller- Maersk Group, for the rig Maersk Discoverer. The rig is expected to commence drilling operations on the FA-1 (formally Eagle-1) exploration well in the Foum Assaka Offshore block in Morocco during the first half of 2014. Under the terms of the Agadir farm-out agreement with BP announced in October, BP will fund Kosmos' share of the well costs, subject to an agreed maximum spend.