Portfolio Agreement between Kosmos Energy Operating and Dordtsche Petroleum Maatschappij - Shell - 08 September 2020
Country
Year
2020
Summary
(A) On or about the Execution Date, the Parties have entered into the share sale and purchase agreement by and between Kosmos and Shell concerning the transfer of the Namibia Portfolio Asset, the STP Portfolio Assets and the Suriname Portfolio Asset through the Purchase of the Shares and/or the procurement of the purchase of the Subsidiary Shares (as applicable) ("Share Sale and Purchase Agreement");
(B) On or about the Execution Date, the farmout agreement by and between Kosmos Energy South Africa Limited, an Affiliate of Kosmos, and Shell Offshore Upstream South Africa B.V. an Affiliate of Shell concerning the transfer of the South Africa Portfolio Asset ("Farm Out Agreement") has been entered into; and
(C) The Share Sale and Purchase Agreement and the Farm Out Agreement are part of an integrated portfolio transaction pursuant to the terms of this Agreement and the Parties wish to further address certain matters.