Partners in Ghana’s Tweneboa, Enyenra, and Ntomme (TEN) oil fields have finalized terms to buy the floating production, storage, and offloading (FPSO) vessel currently operating there, once its lease ends in 2027, according to Kosmos Energy.
In its operational and financial update on January 5, 2026, Kosmos Energy announced that the final Sale and Purchase Agreement is expected to be signed in early 2026, signaling a move from the current leasing setup to direct ownership by the TEN partnerships.
The company stated that taking ownership of the TEN field is expected to greatly cut operating costs and improve its leverage position starting in 2026.
“As ownership is transitioned to the partnership, we expect TEN operating costs to significantly reduce and positively impact the Company’s leverage in 2026,” the update said.
The move comes as the TEN fields continue to mature, making cost control a key priority for operators. Lower operating costs could improve the economic performance of the asset over the remainder of its producing life.
Kosmos did not disclose the purchase price of the FPSO but confirmed that the agreement forms part of broader efforts to optimise its Ghana portfolio and strengthen cash flow.
The TEN fields are one of Ghana’s three active offshore oil projects and continue to be a key part of Kosmos Energy’s operations in West Africa.
Source: Accra Business News
Disclaimer: Some content on Accra Business News may be aggregated, summarized, or edited from third-party sources for informational purposes. Images and media are used under fair use or royalty-free licenses. Accra Business News, an extension of Accra Street Journal is a subsidiary of SamBoad Publishing Ltd under SamBoad Holdings Ltd, registered in Ghana since 2014.
For concerns or inquiries, please visit our Privacy Policy or Contact Page.
📢 GET FREE JOBS + TIPS
Others are getting instant job updates and career tips on our WhatsApp Channel. Why miss out?
📲 Join SamBoad Jobs Channel Now
