Ophir has agreed to farmout a 40% stake in EG-24 to Kosmos Energy in exchange for a carry on the cost of a block-wide 3D seismic survey. Kosmos will partially carry Ophir for the cost of a well if the partners subsequently elect to drill in phase 2, and Kosmos will also pay its pro-rata share of past costs. GEPetrol otherwise has a 20% carried interest in EG-24, which covers 3,543 sq km in deepwaters of the Rio Muni.   Seismic is due to begin today using the Polar Marquis SV.
Equatorial Guinea, EG-24