HERBERT SMITH FREEHILLS ADVISES BP ON STRATEGIC OPPORTUNITY TO PARTNER WITH KOSMOS ENERGY ON GAS DISCOVERIES IN SENEGAL AND MAURITANIA
Leading global law firm Herbert Smith Freehills has advised BP on its first major investments in Mauritania and Senegal through a US$916 million deal with Kosmos Energy to acquire interests in offshore exploration blocks
As part of the transaction BP has signed agreements to take a 62 percent interest in Kosmos's exploration blocks in Mauritania, including operatorship, and an effective 32.5 percent interest in the US company's exploration blocks in Senegal.