Kosmos Energy Ltd - Company Profile

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Kosmos Energy Ltd: Segment Analysis

Business Description

Kosmos Energy Ltd (Kosmos) is an oil and gas exploration and production company that focuses on Atlantic Margins. The company’s portfolio of assets includes existing production assets in Equatorial Guinea, offshore Ghana, US Gulf of Mexico, and gas development offshore Mauritania and Senegal. It also holds exploration licenses with significant hydrocarbon potential in offshore Sao Tome and Principe, Suriname, South Africa, and Namibia. As of December 31, 2022, the company had 4,509 gross (2,281 net) acres of licensed and lease area. In FY2022, it drilled 157 gross (56.70 net) productive oil wells. As of December 31, 2022, Kosmos had proved reserves of 276 million barrels of oil equivalent (MMboe) containing 158 million barrels (MMbbls) of oil, condensate, natural gas liquids (NGLs), and 707 billion cubic feet (bcf) of natural gas. In FY2022, the company sold 23.10 MMboe. In Ghana, its portfolio of assets includes major hydrocarbon discoveries such as the Jubilee Field, West Cape Three Points (WCTP) and Deepwater Tan (DT) blocks. The Jubilee Field covers an area within West Cape Three Points and Deepwater Tano blocks. It is approximately 60 km offshore Ghana in water depths of around 1,800 meters. In FY2022, the company produced approximately 31,300 net Bopd from jubilee field. The DT block consists of Twenebo, Enyenra, and Ntomme (TEN) fields and Wawa discovery. The fields are in the western and central portions of the DT block, approximately 48 km offshore Ghana in water depths ranging from 1,000 to 1,700 meters. The discoveries are being jointly developed with shared infrastructure and a single floating production, storage, and offloading (FPSO) vessel. In FY2022, the company produced 5,000 net Bopd from TEN fields. It also holds 197 gross (64 net) acres in Ghana. The company drilled seven gross (1.98 net) exploratory, appraisal and development wells in Ghana, in FY2022. Kosmos also operates certain producing fields in the US Gulf of Mexico. It comprises Odd Job, Tornado, Marmalard, Kodiak and South Santa Cruz / Barataria. As of December 31, 2022, Kosmos had 21 gross (5.99 net) productive oil wells in the US Gulf of Mexico. It also holds 270 gross (109 net) acres in the US Gulf of Mexico. In Mauritania, Kosmos is the operates two offshore blocks, C8 and BirAllah which are located on the western margin of the Mauritania Salt Basin offshore Mauritania. It has water depth ranging from 100 to 3,000 meters. These blocks are in a proven petroleum system, with primary targets being Cretaceous sands in structural and stratigraphic traps. It covers an aggregate area of approximately 0.735 million acres (gross). As of December 31, 2022, it held 735 gross (204 net) acres in Mauritania. The Senegal Blocks are in the Senegal River Cretaceous petroleum system in water depth ranging from 300 to 3,100 meters. As of December 31, 2022, the company held 917 gross (271 net) acres in Senegal. The company holds interests in three blocks, EG-21, S with the Republic of Equatorial Guinea. As of December 31, 2022, it holds total acreage of 4,509 gross (2,281 net) acres. It also holds one block, Block 5 in offshore Sao Tome and Principe in the Gulf of Guinea with approximately 0.5 million acres (gross) and water depths ranges from 2,150 to 3,000 meters.


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Performance

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Performance

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Performance

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Geographical Segments

Performance

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Performance

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Performance

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