Kosmos Energy (KOS) will team with Chevron (CVX) to explore for crude oil off the coast of...

|About: Kosmos Energy (KOS)|By:, SA News Editor

Kosmos Energy (KOS) will team with Chevron (CVX) to explore for crude oil off the coast of Suriname in South America. KOS will retain a 50% working interest in two exploration blocks and remain operator of both blocks, which cover a total area of 2.8M gross acres; CVX will serve as development operator of any commercial discoveries. First drilling is planned for 2014.