Panoro Energy to acquire Kosmos Energy

Panoro Energy ASA has agreed to acquire the assets of Kosmos Energy Ltd. in a transaction valued at USD 127 million. The deal, announced on 24 February 2026, involves consideration comprising cash and an earn-out component. This asset sale represents a significant consolidation within the Energy sector, bringing together a Norwegian buyer and a US-based target. The transaction was completed on 16 June 2026, finalising the transfer of assets from the target to the acquiring entity.

The structure of this deal allows Panoro Energy to expand its portfolio through the acquisition of specific assets rather than the entire corporate entity. By utilising a mixed consideration package, the parties aligned their interests regarding future performance. The completion of the transaction marks the end of the regulatory and operational processes required to transfer ownership. The transaction is now fully concluded with no further conditions pending.