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31-Oct-2015

NOCAL PRESENTS KOSMOS ENERGY, LTD.

MONROVIA – Oct 29, 2014: The National Oil Company of Liberia (NOCAL) has concluded negotiations with Kosmos Energy, LTD for the lease of blocks 6 and 7, offshore Liberia. The Production Sharing Contract (PSC) between NOCAL and Kosmos Energy currently awaits review and approval by the National Legislature of Liberia. 

Kosmos Energy LTD, participated in the 2014 bid round conducted by the National Oil Company of Liberia with the assistance of TGS Nopec and Ernst and Young (EY). The negotiated PSC reflects terms that were approved by the Hydrocarbon Technical Committee (HTC) of Liberia.

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