Kosmos Energy in rig share agreement for exploration program

• Kosmos Energy (NYSE:KOS) enters into a one-well rig share agreement with BP and Moller-Maersk (OTCPK:AMKAF, OTCPK:AMKBY) for the rig Maersk Discoverer.
• KOS says the rig is expected to commence drilling operations on the FA-1 exploration well in the Foum Assaka block offshore Morocco during H1 2014.
• Under the terms of the Agadir farm-out agreement with BP announced earlier, BP will fund KOS' share of the well costs, subject to an agreed maximum spend.