Mauritania/Senegal: Kosmos farmdown, contract awards

Kosmos Energy has launched a formal process to sell two thirds of its interest in the Mauritania/Senegal Basin, with bids expected by the end of the summer. Kosmos chairman and chief executive Andrew Inglis told a conference call on the company’s Q1 results on 6 May that the company had been encouraged by the response. “We’ve received considerable industry interest from around 15 large, highly credible companies who see the significant strategic value in gas assets and the size and quality of the resource.