Kosmos Energy signs one-well rig agreement with BP and Maersk Drilling for Morocco’s offshore block

The rig will commence drilling operations on the FA-1 exploration well in the Foum Assaka Offshore Block during the first half of 2014, according to the company.

Darrell McKenna, CEO of Kosmos Energy, said, “We are pleased to have finalised the rig share agreement with BP and Maersk Drilling for this efficient rig, currently working in the Mediterranean region. In conjunction with our long-term rig agreement for the Atwood Achiever, we have secured the required rig resources to execute on our exploration programme beginning in 2014. Based on the current schedule, we expect to spud the FA-1 well in the first half of the year and anticipate operations will take approximately three months to complete.”

Under the terms of the Agadir farm-out agreement with BP announced in October last year, BP will fund Kosmos Energy’s share of the well costs, subject to an agreed maximum spend.

Built in 2009, the Maersk Discoverer is a sixth generation, ultra-deepwater, dynamically positioned semi-submersible rig capable of drilling to total depths of up to 9,144 metres, and operating in water depths of up to 3,048 metres.