Kosmos and Trident Energy acquire Hess' Equatorial Guinean assets for US$650 million
On 23 October 2017, Kosmos Energy announced that, in partnership with Trident Energy, it had acquired Hess Corporation's Equatorial Guinean upstream business for US$650 million. The deal includes Hess' 80.75% working interest in the mature Ceiba and Okume Complex oil fields. Kosmos and Trident will each acquire 50% of Hess' stake, giving them a 40.375% working interest in the assets. This deal provides a fair price for Hess, which had been seeking to divest from Equatorial Guinea for a number of years.