Kosmos notes progress on Tortue LNG development

Dallas-based Kosmos Energy said it has made progress on the Tortue LNG project in Senegal and Mauritania it is developing with its joint venture partner BP. 

The company said the first phase Unit Development Plan has been submitted to the energy ministries of both countries and all parties aligned and actively working to achieve a final investment decision (FID) around year-end.

Kosmos added that it expects to advance its 2019 exploration program geared towards long-term growth.

Project’s first phase would see a production of 2.5 mtpa, with potential for expansion to 10 million tons annually.

West Africa’s Tortue discovery was made by Kosmos, which farmed down its investment to BP in December 2016. BP now has a 60 percent stake in the project, the largest interest among the four partners in the project and is the operator.

In April this year, TechnipFMC secured a contract by BP for the development of the FPSO front-end engineering design (FEED) for the LNG project while Golar LNG signed a preliminary deal to provide a FLNG unit for the project.

LNG World News Staff