Kosmos Expects New Transocean Rig to Arrive on 7/10

Kosmos Energy KOS today provided an update on the company's drilling of the Cedrela-1 exploration well offshore the Republic of Ghana. The “Transocean Marianas” semi-submersible drilling rig, under contract to another operator in Ghana, was expected to arrive at the Cedrela-1 well location on the West Cape Three Points Block on or about July 10 to commence drilling Kosmos' Cedrela-1 well near the block's southern boundary. The rig was rendered temporarily inoperable following a reported anchor-handling incident on the Offshore Cape Three Points Block, which is east of the Kosmos-operated West Cape Three Points Block. The incident occurred while preparations were being made to move the rig from the other operator's block to the Cedrela-1 well location.