Davis Polk is advising Kosmos Energy Ltd. on its $1.225 billion proposed acquisition of Deep Gulf Energy from First Reserve and other shareholders. The acquisition is expected to close around the end of the third quarter 2018, subject to receipt of regulatory approval and the satisfaction of customary closing conditions.

Kosmos is a well-capitalized, pure play deepwater oil and gas company with growing production, a pipeline of development opportunities and a balanced exploration portfolio along the Atlantic Margins. Based in Houston, Texas, Deep Gulf Energy is a private, growth-orientated exploration and production company focused in the deepwater Gulf of Mexico.

The Davis Polk corporate team includes partners George R. Bason Jr. and Brian Wolfe and associate Elyka A. Anvari. Partner Byron B. Rooney is providing capital markets advice. Partner Michael Mollerus is providing tax advice. Partner Jeffrey P. Crandall and associate Travis Triano are providing executive compensation advice. Partner Ronan P. Harty is providing antitrust and competition advice. Partner John B. Reynolds III is providing regulatory compliance advice. Counsel Betty Moy Huber is providing environmental advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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