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Energy

BP and Kosmos Energy land new exploration acreage in West Africa

The new blocks are located in the waters around a small island in the vicinity of Nigeria, Cameroon, Equatorial Guinea and Angola

A partnership between BP PLC (LON:BP.) and Kosmos Energy Ltd (LON:KOS, NYSE:KOS) has secured new exploration areas offshore West Africa.

Together they were awarded two blocks in Sao Tome and Principe's exclusive economic zone (EEZ), where Kosmos already has acreage and is expected to drill next year.

READ: Credit Suisse starts coverage on Kosmos Energy with a ‘neutral’ rating and a 700p price target

The EEZ around the small West African island spans 19 exploration blocks, and prior to this latest award, Kosmos held stakes in four blocks.