Kosmos Energy signed new petroleum agreement
kosmosboujdour_25.04.2011-21.08.2011.jpg

US oil company Kosmos Energy has signed a renewed petroleum agreement for offshore occupied Western Sahara. The new area reduces its illegal acreage off Western Sahara with a third.
Published: 23.08 - 2011 10:21Printer version    
In a report filed by Kosmos Energy to the U.S. Securities and Exchange Commission (SEC) on 11 August 2011, the Texas company explained that it in July 2011 signed a Petroleum Agreement with ONHYM, “covering the Cap Boujdour area offshore the Kingdom of Morocco.”

The agreement is a new version of an old licence they have held in the waters offshore the occupied territory since the time the company was privately owned.

No information were given in the SEC filing that the Kosmos licence in fact does not lie offshore the Kingdom of Morocco, but offshore the territory of Western Sahara, which Morocco occupied in 1975. The oil company’s plans severely contribute to maintaining the brutal occupation of the territory, and are in violation of international law as described by the UN.

Changes made last week on Kosmos’ webpages show that the block has changed in size. The area is now two-thirds of what it previously was.

kosmos_block_2006_180.jpgThe new acreage of the Boujdour block, as reported on Kosmos Energy’s webpages today, is 29.741 sq.km (7.3 million acres). The previous size was 43,988 sq.km (10.87 million acres). A prospectus from 12 May 2011 puts the size at 10.89 million acres.  As seen on map to the right, the block was even bigger back in 2006, constituting an area of 110,400 sq.km (27.2 million acres).

Also the name of the licence area was changed on the webpages from “Boujdour Offshore Block” to “Cap Boujdour Block”. The firm furthermore amended the name of the operator from “Kosmos Energy Offshore Morocco” to “Kosmos Energy”. See the webpage change below.

The reduction of the licence area had already been anticipated by Kosmos. In May 2011, two months before the new agreement was signed, Kosmos wrote:

“Regarding our license in Morocco, under the petroleum agreement covering the Boujdour Offshore Block (the ‘‘Boujdour Offshore Petroleum Agreement’’), the most recent exploration phase expired on February 26, 2011, however, we entered a memorandum of understanding with ONHYM to enter a new petroleum agreement covering the highest potential areas of this block under essentially the same terms as the original license. Accordingly, the acreage covered by any new petroleum agreement will be less than the acreage covered by the original Boujdour Offshore Petroleum Agreement”.

…and…

“We have not yet made a decision as to whether or not to drill our Moroccan prospects. We have entered a memorandum of understanding with ONHYM to enter a new license covering the highest potential areas of this block under essentially the same terms as the original license. If we decide to continue into the drilling phase of such license, we anticipate that the first well to drill within the Boujdour Offshore Block will be post 2012.”

The reduction of the licence area can be clearly seen from the two maps above.


Kosmos Energy webpages as of 3 August                      .....and 19 August 2011

kosmosenergy_webpages_txt_03.08.2011_300.jpgkosmosenergy_webpages_txt_19.08.2011_300.jpg



Kosmos last week also added this section to their webpages:
“The Cap Boujdour Offshore Block is located in the Aaiun Basin, one of the remaining frontier exploration provinces offshore West Africa. The basin includes an unexplored Jurassic-to-recent-passive margin with a lower Cretaceous delta similar in size to the present-day Niger Delta. Older wells have demonstrated evidence of a working petroleum system and the presence of good reservoirs. Extensive 2D seismic data has defined significant prospectivity, including many large structural traps. Kosmos has identified and prioritized the block’s major prospective regions. The company acquired additional 2D seismic data over these prospects, followed by the acquisition of a 2,000 km2 3D survey in early 2009.  Kosmos is continuing an integrated evaluation of the block”

Kosmos reported also in its SEC filing that they in July 2011 had signed a new block with the Moroccan government. This second block is located offshore Morocco proper.



    

Top
News:

03.12 - 2020 / 26.11 - 2020New report: The EU ignores its own court on conflict trade
26.11 - 2020 / 26.11 - 2020Life sentences confirmed for political prisoners
19.11 - 2020 / 19.11 - 2020Saharawi gov calls for halt of all activity in Western Sahara over war
18.11 - 2020 / 18.11 - 2020WSRW calls for suspension EU-Morocco fish deal
17.11 - 2020 / 03.11 - 2020EU Commission says Western Sahara not part of aviation agreement
16.11 - 2020 / 16.11 - 2020Protesters in New Zealand block entry to controversial factories  
13.11 - 2020 / 13.11 - 2020Morocco intervenes militarily to re-open its plunder corridor
13.11 - 2020 / 13.11 - 2020MEPs: EU should warn Enel and Siemens
06.11 - 2020 / 30.10 - 2020Swedish renewable company Azelio silent about Western Sahara
05.11 - 2020 / 05.11 - 2020DNV GL exits project in Western Sahara, will not return
02.11 - 2020 / 27.10 - 2020Siemens Gamesa with new large deal for occupied Western Sahara
31.10 - 2020 / 31.10 - 2020EU-Mauritanian fleet circumvents Saharawi roadblock
12.10 - 2020 / 12.10 - 2020Russian fisheries still absent from Western Sahara
07.10 - 2020 / 07.10 - 2020West African controversial fish imports resume
05.10 - 2020 / 02.10 - 2020No more Swedish supplies to the Bou Craa mine
08.09 - 2020 / 16.06 - 2020Soon 10 years of wrongful imprisonment: release Gdeim Izik group now
08.09 - 2020 / 07.09 - 2020DHL: ignoring Saharawi rights for 5 parcels a day
24.08 - 2020 / 24.08 - 2020Concrete plans for third solar plant in occupied Western Sahara
10.08 - 2020 / 18.07 - 2020Voltalia to construct wind farm in occupied Western Sahara
28.07 - 2020 / 22.07 - 2020Will Deutsche Post's AGM provide clarity on Western Sahara operations?




EN ES FR DE AR

Morocco occupies the major part of its neighbouring country, Western Sahara. Entering into business deals with Moroccan companies or authorities in the occupied territories gives an impression of political legitimacy to the occupation. It also gives job opportunities to Moroccan settlers and income to the Moroccan government. Western Sahara Resource Watch demands foreign companies leave Western Sahara until a solution to the conflict is found.
EU Court cases on Western Sahara for dummies

tn_law_hammer.jpg

It's not easy keeping up with all the different legal proceedings relating to Western Sahara. For the sake of clarity, here's an overview of the five different cases at the Court of Justice of the European Union.
Support Western Sahara Resource Watch

tn_sjovik_demo_610.jpg

Help us to protect the natural resources of Western Sahara for the Saharawi people. Support our work by making a donation.

WSRW.org News Archive 2020
WSRW.org News Archive 2019
WSRW.org News Archive 2018
WSRW.org News Archive 2017
WSRW.org News Archive 2016
WSRW.org News Archive 2015
WSRW.org News Archive 2014
WSRW.org News Archive 2013
WSRW.org News Archive 2012
WSRW.org News Archive 2011
WSRW.org News Archive 2010
WSRW.org News Archive 2009
WSRW.org News Archive 2008
WSRW.org News Archive 2007
WSRW.org News Archive 2004-2006


Register for our English newsletter:









These web pages have been built with the financial support of the trade union Industry Energy