OKE is understood to have signed a farmout deal to Shell and Kosmos for the later to each acquire a 45% stake in the 6,930-sq km area in the Orange Basin. Partnership therefore becomes Shell (op) 45%, Kosmos 45% + OKE 10%. The farmins coincide with the renewal of the contract term into phase 2 along with a part-relinquishment.
OKE is understood to have signed a farmout deal to Shell and Kosmos for the later to each acquire a 45% stake in the 6,930-sq km area in the Orange Basin. Partnership therefore becomes Shell (op) 45%, Kosmos 45% + OKE 10%.