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Texas-based Kosmos Energy has initiated a formal process to farm out its interest in the Mauritania-Senegal basin to around 10%. The firm is expecting bids by the end of the summer. Kosmos registered $296.8 million in revenue for 1Q2019, which is more than double, climbing on higher production in Ghana. The energy firm produced 5.1 million barrels of oil equivalent in the first quarter.
