Kosmos Energy completes acquisition of Deep Gulf Energy

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Komos Emeergy said on Monay that it has completed the previously announced acquisition of Deep Gulf Energy, a leading deepwater company operating in the Gulf of Mexico.

By acquiring DGE, Kosmos adds to its deepwater Atlantic Margin portfolio an established business with attractive assets and a strong record of growing production and reserves through infrastructure-led exploration.

This immediately accretive acquisition enhances the scale of the company and is expected to generate significant free cash flow, enabling Kosmos to return cash to shareholders through a dividend, beginning in the first quarter of 2019.