Kosmos Energy has disclosed that partners operating Ghana’s Tweneboa, Enyenra and Ntomme (TEN) oil fields have reached an agreement on the final terms to acquire the floating production, storage and offloading (FPSO) vessel currently deployed at the field.

The FPSO, which is presently under a lease arrangement, will be purchased by the TEN partners once the lease expires in 2027, marking a transition from leasing to full ownership.

The development was outlined in Kosmos Energy’s operational and financial update issued on January 5, 2026. According to the company, the final Sale and Purchase Agreement is expected to be executed in early 2026.

Kosmos noted that the shift to ownership is projected to substantially reduce operating costs at the TEN fields and improve the company’s financial metrics from 2026 onward.

“With the transition to ownership by the partnership, we expect TEN operating costs to decline significantly, positively impacting the company’s leverage in 2026,” the update stated.

While the purchase price of the FPSO was not disclosed, Kosmos indicated that the transaction aligns with its broader strategy to optimise its Ghana operations and enhance cash flow.

The move comes as the TEN fields progress into a more mature production phase, where tighter cost management has become essential. Reducing operating expenses is expected to help extend the economic life of the fields and improve returns for the partners.

The TEN project remains one of Ghana’s three producing offshore oil developments, alongside the Jubilee and Sankofa-Gye Nyame fields, and continues to play a key role in the country’s petroleum production and export revenues.