Hess Corporation announced that it has completed the previously announced sale of its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017.

“Our 2017 asset monetizations have exceeded expectations in terms of value and timing,” CEO John Hess said. “These proceeds, along with cash on our balance sheet, are enabling us to prefund our world-class investment opportunity in Guyana, increase our rig count in the Bakken in 2018, return capital to shareholders and reduce debt.”

About Hess Corporation

Hess Corporation (NYSE: HES) is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas.

About Kosmos Energy

Kosmos (NYSE: KOS) (LSE: KOS) is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. Our assets include existing production and development projects offshore Ghana , large discoveries offshore Mauritania and Senegal , as well as exploration licenses with significant hydrocarbon potential offshore Suriname, Sao Tome and Principe , Morocco and Western Sahara . As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos 2016 Corporate Responsibility Report. Kosmos is listed on the New York Stock Exchange and the London Stock Exchange under the ticker symbol KOS.

About Trident Energy

Trident Energy is a newly formed independent oil and gas exploration and production company focused on the acquisition, operational improvement and optimization of international mid-life assets. The company is currently building a diversified portfolio of onshore and offshore producing operated assets through acquisitions. Trident Energy has a global mandate, with a primary focus on Africa and South America . The company is led by an experienced management team with over 100 years of international oil and gas operating experience.

Trident Energy is supported by an equity commitment of up to US$ 600 million led by Warburg Pincus , a leading private equity firm focused on growth investing with significant energy experience.