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The Ministry of Mines and Hydrocarbons has announced that Kosmos Energy’s S-5 well on Block EG-24 has discovered oil. A ministry statement said the S-5 well was drilled at a total depth of 4,400 metres in the Rio Muni Basin and encountered 39 metres of net oil play in a Santonian reservoir. The discovery was the first well drilled in Kosmos’ infrastructure-led exploration strategy in Equatorial Guinea.