Exhibit 10.07

 

 

ADDENDUM TO THE

PRODUCTION SHARING CONTRACT

EXECUTED ON 26 OCTOBER 2015 BY AND BETWEEN

THE DEMOCRATIC REPUBLIC OF SAO TOME AND PRINCIPE

REPRESENTED BY THE

AGÊNCIA NACIONAL DO PETRÓLEO OF SAO TOME AND PRINCIPE

AND

GALP ENERGIA SÃO TOMÉ E PRÍNCIPE, UNIPESSOAL, LDA

FOR

BLOCK 6

 

 

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THIS ADDENDUM TO THE PRODUCTION SHARING CONTRACT is entered into on 9 November
2015 among:

(1)

THE DEMOCRATIC REPUBLIC OF SAO TOME AND PRINCIPE (the “State”) represented by
the Agência Nacional do Petróleo de São Tomé e Príncipe, ("ANP-STP");

(2)

GALP ENERGIA SÃO TOMÉ E PRÍNCIPE, UNIPESSOAL, LDA, a company organized and
existing under the laws of the Democratic Republic of Sao Tome and Principe
whose registered office is at Avenida da Independência 392, II/III, Caixa Postal
638, São Tomé, São Tomé e Príncipe (“Galp”); and

(3)

KOSMOS ENERGY SAO TOME AND PRINCIPE, a company organized and established under
the laws of the Cayman Islands, whose registered office is located at 4th Floor,
Century Yard, Cricket Square, Hutchins Drive, Elgin Avenue, George Town, Grand
Cayman KY1-1209, Cayman Islands, hereinafter named ("Kosmos");

WHEREAS

A.

ANP and Galp are parties to the Production Sharing Contract signed with the
State on 26 October, 2015 (the "Contract”), in pursuance of which they have
obtained the exclusive right to undertake petroleum operations in Block 6 within
the Exclusive Economic Zone of Sao Tome and Principe;

B.

By letter dated the 8th of October 2015, Ref. N.º 164/ANP/GM/2015, ANP STP
pre-authorized the assignment by Galp of fifty percent (50%) of its ninety
percent (90%) participating interest in the Contract to Kosmos and further
informed it did not had the intention to exercise any preferential right
thereof;

C.

Under article 19 of the Contract and pursuant to the authorization identified in
the previous recital B), ANP-STP, Galp and Kosmos executed on 9 November 2015
the Deed of Assignment by way of which Galp assigned fifty percent (50%) of its
ninety percent (90%) participating interest in the Contract to Kosmos, which
consequently made the percentage interests held by the parties in the Contract
to be the following as of that date:

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ANP-STP – ten per cent (10%);

GALP – forty-five per cent (45%);

KOSMOS – forty-five per cent (45%);

ANP-STP, Galp and Kosmos (hereinafter collectively identified as the “Parties”)
hereby execute this addendum to the Production Sharing Contract (the
“Adenddum”), subject to the following terms and conditions:

Capitalized terms in this Addendum not specifically defined herein shall have
the same meaning as defined in the Contract.

SINGLE CLAUSE

1.

By virtue and as consequence of the assignment of the participation interest
referred in recital C) above, the Parties agree to amend the Contract, effective
on the date of execution of the Deed of Assignment identified in recital C) and,
as of such date, all references in the Contract to the Contractor (as defined in
the Contract) shall be understood as being made collectively to Galp and Kosmos,
to the extent of the participation interests held by each one of them in the
Contract. Galp shall continue to be the Operator in the Contract.

2.

To the extent and where applicable, as of the same date, all references in the
Contract to Party or Parties shall include Kosmos.

3.

Consequent to this Addendum, as of the date of execution of the Deed of
Assignment identified in recital C),

3.1. The headings of the Contract shall read as follows:

*

“THIS PRODUCTION SHARING CONTRACT is made and entered into on this day of 26
October 2015 by and between:

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THE DEMOCRATIC REPUBLIC OF SAO TOME AND PRINCIPE represented by the AGÊNCIA
NACIONAL DO PETRÓLEO OF SAO TOME AND PRINCIPE; and

GALP ENERGIA SÃO TOMÉ E PRÍNCIPE, UNIPESSOAL, LDA, a company organized and
existing under the laws of the Democratic Republic of Sao Tome and Principe
whose registered office is at Avenida da Independência 392, II/III, Caixa Postal
638, São Tomé, São Tomé e Príncipe (“Galp”);

KOSMOS ENERGY SAO TOME AND PRINCIPE, a company organized and established under
the laws of the Cayman Islands, whose registered office is located at 4th Floor,
Century Yard, Cricket Square, Hutchins Drive, Elgin Avenue, George Town, Grand
Cayman KY1-1209, Cayman Islands, hereinafter (“Kosmos”);

Galp and Kosmos are collectively referred to as the “Contractor””

*

3.2. Clause 30 of the Contract is amended as follows:

“30.1Any notice or other communication required to be given by a Party to
another shall be in writing (in Portuguese and in English) and shall be
considered as duly delivered if given by hand delivery in person, by courier or
by facsimile at the following addresses:

Agência Nacional do Petróleo (ANP-STP)

Avenida das Nações Unidas, 225

C.P.1048

Sao Tome, Sao Tome and Principe Attention: Executive Director

Fax: +239-2226937 Tel: +239-2226940

E-mail: anp_geral@cstome.net

 

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GALP ENERGIA SÃO TOMÉ E PRÍNCIPE, UNIPESSOAL, LDA

Avenida da Independência, 392, II/III

C.P. 638

Sao Tome, Sao Tome and Principe

Attention: Exploration Director

Fax: +351 21 839 12 98

Tel: +351 21 724 25 00

E-mail: roland.muggli@galpenergia.com

 

KOSMOS ENERGY SAO TOME AND PRINCIPE

4th Floor, Century Yard, Cricket Square,

Hutchins Drive, Elgin Avenue,

George Town, Grand Cayman KY1-1209, Cayman Islands

Attention: License Manager

Fax: +1 214 445 9705

Tel: +1 214 445 9600

E-mail: SaoTomeLicenseManager@KosmosEnergy.com 

Cc:

E-mail: KosmosGeneralCounsel@KosmosEnergy.com   "

*

 

4.

All the remaining provisions of the Contract, which are not expressly modified
by this Addendum, shall remain in full force and effect in their precise
original terms.

Signed and executed on 9 November 2015, in three originals, being each one of
them held by each one of the Parties hereto.

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IN WITNESS WHEREOF the Parties have caused this Addendum to be executed the date
above written.

SIGNED AND DELIVERED for and on behalf of THE STATE represented by the Agência
Nacional do Petróleo of Sao Tome and Principe

Signature:  /s/ Orlando Sousa
Pontes                                               

Name:   ORLANDO MENEZES DA COSTA SOUSA PONTES  

Designation:   EXECUTIVE DIRECTOR                                            

SIGNED AND DELIVERED for and on behalf of Galp Energia São Tomé e Príncipe,
Unipessoal, Lda.

Signature:  /s/ Carlos Gomes da Silva              

Name:   CARLOS GOMES DA SILVA           

Designation:                   CEO                                

SIGNED AND DELIVERED for and on behalf of Kosmos Energy Sao Tome and Principe

Signature:  /s/ Paul Dailly                          

Name:   PAUL DAILLY                            

Designation:                   SVP                         

 

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