Kosmos Energy Ghana HC acquired Anadarko Wctp Company from Occidental Petroleum Corporation (NYSE:OXY) for approximately $460 million on October 13, 2021. At announcement Deal value was $461.886 and it is $460 million after post-closing adjustments. The transaction will be financed from proceeds from the equity offering of approximately $100 million, issuance of notes of upto $400 million and borrowings under facility of $75 million. Anadarko reported revenues of approximately $300 million and net profit of approximately $140 million for the year ended December 31, 2020. The transaction was subject to approval from Minister of energy and other customary conditions. Byron B. Rooney, Meyer C. Dworkin and Po Sit of Davis Polk & Wardwell LLP acted as legal advisors to Kosmos Energy Ghana HC. Graham Watson and Freshfields Bruckhaus of Deringer LLP acted as financial advisors to Occidental Petroleum Corporation (NYSE:OXY). Hywel Davies, Richard Smith, Steven Galbraith, Susan Hughes, Adrian Barrus and William Watson of Slaughter and May acted as legal advisor to Kosmos Energy Ghana HC. Barclays acting as financial advisor for Kosmos.

Kosmos Energy Ghana HC completed the acquisition of Anadarko Wctp Company from Occidental Petroleum Corporation (NYSE:OXY) on October 13, 2021.