Greater Tortue Ahmeyim project : Kosmos Energy signs SPA with BP Gas Marketing
US upstream oil company Kosmos Energy and its partners have inked a sale and purchase agreement (SPA) with BP Gas Marketing pertaining to the Greater Tortue Ahmeyim project located on the maritime border between Mauritania and Senegal.
The SPA, which has an initial term of up to 20 years, covers 2.45 million tonnes per annum (MTPA) of liquified natural gas (LNG) produced from Phase 1 of the Greater Tortue Ahmeyim project.
Kosmos Energy said that having signed the SPA, it plans to book net proved reserves of around 100 million barrels of oil equivalent pertaining to Phase 1, as assessed by its independent reserve auditor Ryder Scott Company. The US oil company expects to book additional reserves when other phases of the Tortue project are approved and sale and purchase agreements are secured for the offtake volumes.
Todd Niebruegge – Senior Vice President and Head of the Mauritania-Senegal business unit at Kosmos Energy, said: “The signing of the SPA is an important milestone in the Greater Tortue Ahmeyim project for the Governments of Mauritania and Senegal, SMHPM, Petrosen, BP and Kosmos.
“With the signing of this agreement, we have materially increased the proved reserve base of the company and the project remains on track to deliver first gas in the first half of 2022.”
The Greater Tortue Ahmeyim project. Photo courtesy of BP p.l.c.
BP Gas Marketing is a fully-owned subsidiary of oil and gas giant BP, which is also a partner of Kosmos Energy in the Greater Tortue Ahmeyim project with the other partners being SMHPM, and Petrosen.
Norman Christie – BP Regional President for Mauritania and Senegal said: “The SPA is another positive step forward for the Greater Tortue Ahmeyim project.
“We’re grateful to the Governments of Mauritania and Senegal for their continued commitment to this innovative project, as well as our partners SMHPM, Petrosen and Kosmos.”