Kosmos Contractor May Face Bribery Allegations

Law360, New York (January 21, 2011, 3:59 PM EST) -- Kosmos Energy Ltd., a major player in an offshore oil project near Ghana, has disclosed that one of its contractors in that venture may have violated anti-bribery laws.

Japan-based Modec Inc., which Kosmos has hired for work in Ghana's oil-rich Jubilee Field, may have violated the U.S. Foreign Corrupt Practices Act and other anti-corruption laws, Kosmos said in a recent filing with the U.S. Securities and Exchange Commission.

Kosmos, which has about a quarter-stake in the Jubilee field, is investigating with its other partners and the...
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