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.
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“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
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Samuel Kwame Boadu is a Ghanaian entrepreneur, writer, and digital consultant passionate about creating impactful stories and business solutions. He is the Founder & CEO of SamBoad Business Group Ltd, a dynamic company with subsidiaries in digital marketing, logistics, publishing, and risk management.
