Société Générale, HSBC bank plc and Crédit Agricole Corporate and Investment Bank brought to close the re-financing of Kosmos Energy Ghana HC’s share of the development of the Jubilee Oil Field, located off the coast of Ghana in West Africa. Kosmos Energy signed the documentation for the $1.3bn debt facility which will be secured against the oil in the Kosmos Energy Ghana’s interest in the Jubilee Oil Field off the coast of Ghana. Kosmos Energy is a privately held international oil exploration and production company with a focus in West Africa.
Kosmos Energy is the technical operator for development of the Jubilee Unit. Its affiliates include Tullow Oil plc, Anadarko Petroleum Corporation, Sabre Oil and Gas, EO Group and the GNPC.
Operis audited the borrowing base model as prepared by Société Générale and Crédit Agricole Corporate and Investment Bank for the purpose of the semi-annual redetermination in July 2011.
