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Kosmos Energy fails to find oil or gas in well off Mauritania

Published 10/31/2017, 02:48 PM
© Reuters.  Kosmos Energy fails to find oil or gas in well off Mauritania
KOS
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  • Kosmos Energy (KOS -3%) is lower after failing to find oil and gas after completing drilling the Hippocampe-1 exploration well offshore Mauritania.
  • KOS says the Hippocampe–1 well was drilled to a total depth of 5,500 meters and encountered well developed reservoirs in both exploration targets but which proved to be water bearing, and the well will now be plugged and abandoned.
  • KOS says the Ensco DS 12 drillship will proceed as planned to Block C-12 offshore Mauritania to test the independent Lamantin oil prospect located ~180 km northeast of Hippocampe in 2,185 meters of water.
  • Now read: Kosmos Energy (KOS) Presents On Strategic Entry into Equatorial Guinea - Slideshow


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