The terms of the ultimate sale and acquisition of the floating production have been agreed upon by TEN Oil Fields.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Partners in Ghana’s Tweneboa, Enyenra and Ntomme (TEN) oil fields have agreed on final sale and purchase terms to acquire the floating production, storage and offloading (FPSO) vessel currently used at the field when its lease expires in 2027, according to Kosmos Energy.

In its operational and financial update issued on January 5, 2026, Kosmos Energy said the final Sale and Purchase Agreement is expected to be executed in early 2026, marking a shift from the existing leasing arrangement to direct ownership by the TEN partnership.

The company said the transition to ownership is expected to significantly reduce operating costs at the TEN field, with a positive impact on its leverage position from 2026.

Source: newsthemegh.com