Partners in Ghana’s Tweneboa, Enyenra and Ntomme (TEN) oil fields have reached an agreement on final sale and purchase terms to acquire the floating production, storage and offloading (FPSO) vessel currently deployed at the field, ahead of the expiry of its lease in 2027, according to Kosmos Energy.
In its operational and financial update released on January 5, 2026, Kosmos Energy said the final Sale and Purchase Agreement is expected to be executed in early 2026, transitioning the TEN partnership from a leasing arrangement to direct ownership of the FPSO.
The company noted that the move to ownership is expected to significantly reduce operating costs at the TEN fields and improve its financial position from 2026.
“As ownership is transitioned to the partnership, we expect TEN operating costs to decline materially, positively impacting the company’s leverage in 2026,” Kosmos said.
The decision comes as the TEN fields enter a more mature phase of production, heightening the focus on cost optimisation to sustain economic performance over the remaining life of the asset.
While Kosmos did not disclose the purchase price of the FPSO, it said the transaction forms part of broader efforts to optimise its Ghana portfolio and strengthen cash flow generation.
The TEN fields are one of Ghana’s three producing offshore oil developments and remain a key component of Kosmos Energy’s West African operations.