Bloomberg News

Kosmos to Spend $18 Million on Cameroon Oil Exploring

January 12, 2012

(Corrects to show block is onshore in first paragraph.)

Jan. 12 (Bloomberg) -- Kosmos Energy Ltd.’s unit in Cameroon signed a deal with the state-owned National Hydrocarbons Corp. to spend $18 million exploring for oil in the onshore Fako block, according to a statement from the two companies.

Kosmos will conduct a six-year study of the 1,289 square- kilometer area, including collecting data and drilling two exploration wells, according to the statement, which was handed to reporters in Yaounde, the capital, today.

--Editor: Emily Bowers

To contact the reporter on this story: Pius Lukong in Yaounde at plukong@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


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