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'''Kosmos Energy''' is an American international oil company founded and based in ], Texas. It is incorporated in ] and has offices in ], ], ] and ].<ref name="OfficeLocations">{{cite web |url=http://www.kosmosenergy.com/about-office-locations.php |title=Office locations |publisher=Kosmos Energy |accessdate=12 July 2017}}</ref><ref name="10K2016P-1">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=8 |title=2016 Form 10-K |date= |work=2016 |publisher=Kosmos Energy |accessdate=11 July 2017|subscription=yes}}</ref> The company holds production and development operations offshore Ghana, in addition to discoveries and further exploration operations offshore Mauritania and Senegal, and exploration licenses offshore ], Morocco and ].<ref name="201610K-P13-14">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=20 |title=2016 Form 10-K |pages=13-14 |date=2016 |publisher=Kosmos Energy |accessdate=12 July 2017}}</ref> It has been involved in the discovery and development of the ] off the coast of Ghana.<ref name="OT-Jubilee"/> Kosmos was a focus of a documentary '']'' that followed the company as it worked to establish the Jubilee oil field in Ghana.<ref name="Catsoulis14"/><ref name="Dansby14"/> '''Kosmos Energy''' is an American international oil company founded and based in ], Texas. It is incorporated in ] and has offices in ], ], ] and ].<ref name="OfficeLocations">{{cite web |url=http://www.kosmosenergy.com/about-office-locations.php |title=Office locations |publisher=Kosmos Energy |accessdate=12 July 2017}}</ref><ref name="10K2016P-1">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=8 |title=2016 Form 10-K |date= |work=2016 |publisher=Kosmos Energy |accessdate=11 July 2017|subscription=yes}}</ref> The company holds production and development operations offshore Ghana, in addition to discoveries and further exploration operations offshore Mauritania and Senegal, and exploration licenses offshore ], Morocco and ].<ref name="201610K-P13-14">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=20 |title=2016 Form 10-K |pages=13-14 |date=2016 |publisher=Kosmos Energy |accessdate=12 July 2017}}</ref> It discovered the ] off the coast of Ghana.<ref name="OT-Jubilee"/> Kosmos was the focus of the documentary '']'' that followed the company as it worked to establish the Jubilee oil field in Ghana.<ref name="Catsoulis14"/><ref name="Dansby14"/>


==History== ==History==
Kosmos Energy was established in 2003 by founding partners James C. Musselman, Brian F. Maxted, W. Greg Dunlevy, and Paul Dailly.<ref name="DallasBiz03012011">{{cite news |url=https://www.bizjournals.com/dallas/news/2011/01/03/kosmos-energy-ceo-co-founder-retires.html |title=Kosmos CEO, co-founder retires |date=3 January 2011 | work =] |accessdate=10 July 2017}}</ref><ref name="Bounds14">{{cite news |url=https://www.dmagazine.com/publications/d-ceo/2014/july-august/entrepreneurs-of-the-year-ey-2014/ |title=Entrepreneurs of the year 2014 |author=Jeff Bounds, Karen Nielsen, Christine Perez, and Glenda Vosburgh |date=July 2014 |publisher=D Magazine |accessdate=10 July 2017}}</ref> Initial backing came from American private equity firms ] and ].<ref name="Selyukh11">{{cite news |title=Kosmos Energy IPO raises more than expected |last1=Selyukh |first1=Alina |url=http://www.reuters.com/article/kosmosenergy-ipo-idUSN1015130520110511 |newspaper=Reuters |date=10 May 2011 |accessdate=10 July 2017}}</ref> Kosmos Energy was established in 2003 by founding partners James C. Musselman, Brian F. Maxted, W. Greg Dunlevy, and Paul Dailly.<ref name="DallasBiz03012011">{{cite news |url=https://www.bizjournals.com/dallas/news/2011/01/03/kosmos-energy-ceo-co-founder-retires.html |title=Kosmos CEO, co-founder retires |date=3 January 2011 | work =] |accessdate=10 July 2017}}</ref><ref name="Bounds14">{{cite news |url=https://www.dmagazine.com/publications/d-ceo/2014/july-august/entrepreneurs-of-the-year-ey-2014/ |title=Entrepreneurs of the year 2014 |author=Jeff Bounds, Karen Nielsen, Christine Perez, and Glenda Vosburgh |date=July 2014 |publisher=D Magazine |accessdate=10 July 2017}}</ref> Initial backing came from American private equity firms ] and ].<ref name="Selyukh11">{{cite news |title=Kosmos Energy IPO raises more than expected |last1=Selyukh |first1=Alina |url=http://www.reuters.com/article/kosmosenergy-ipo-idUSN1015130520110511 |newspaper=Reuters |date=10 May 2011 |accessdate=10 July 2017}}</ref>


Kosmos made one of the world's largest recent oil discoveries in June 2007, off the coast of Ghana.<ref name="Selyukh11"/> The company discovered the Jubilee Oil Field about {{convert|60|km}} offshore.<ref name="OT-Jubilee">{{cite web |url=http://www.offshore-technology.com/projects/jubilee-field/ |title=Jubilee Field, Ghana |publisher=Offshore-technology.com |accessdate=10 July 2017}}</ref> The first oil from the field was produced in 2010.<ref name="Aklorbortu17">{{cite web |url=http://www.graphic.com.gh/news/general-news/10yrs-after-oil-discovery-time-to-take-stock-kosmos-energy.html |title=10 years after oil discovery, time to take stock |author=Moses Dotsey Aklorbortu |date=27 February 2017 |publisher=Graphic Online |accessdate=10 July 2017}}</ref> The company and its operations in Ghana around the time of the Jubilee discovery and work to develop the field was the focus of Rachel Boynton's 2013 ]-film '']''.<ref name="Catsoulis14">{{cite news |title=Oil and money, and where it flows |last1=Catsoulis |first1=Jeannette |url=https://www.nytimes.com/2014/03/14/movies/big-men-looks-at-ghanaian-oil-discovery.html?_r=0 |newspaper=] |date=13 March 2014 |accessdate=10 July 2017}}</ref><ref name="Dansby14">{{cite news |title='Big Men' is a remarkable documentary on international oil business |last1=Dansby |first1=Andrew |url=http://www.houstonchronicle.com/entertainment/movies/article/Big-Men-a-remarkable-documentary-on-5525475.php |newspaper=] |date=3 June 2014 |accessdate=10 July 2017}}</ref> The documentary was shortened and adapted into a ] television documentary ''Storyville: Power, Money, Greed and Oil''.<ref name="Storyville">{{cite web |url=http://www.bbc.co.uk/programmes/b033v5xz |title=Power, Money, Greed & Oil |publisher=] |accessdate=10 July 2017}}</ref> Kosmos made one of the world's largest recent oil discoveries in June 2007, off the coast of Ghana.<ref name="Selyukh11"/> The company discovered the Jubilee Oil Field about {{convert|60|km}} offshore.<ref name="OT-Jubilee">{{cite web |url=http://www.offshore-technology.com/projects/jubilee-field/ |title=Jubilee Field, Ghana |publisher=Offshore-technology.com |accessdate=10 July 2017}}</ref> The first oil from the field was produced in 2010.<ref name="Aklorbortu17">{{cite web |url=http://www.graphic.com.gh/news/general-news/10yrs-after-oil-discovery-time-to-take-stock-kosmos-energy.html |title=10 years after oil discovery, time to take stock |author=Moses Dotsey Aklorbortu |date=27 February 2017 |publisher=Graphic Online |accessdate=10 July 2017}}</ref> The company and its operations in Ghana around the time of the Jubilee discovery and work to develop the field, was the focus of Rachel Boynton's 2013 ]-film '']''.<ref name="Catsoulis14">{{cite news |title=Oil and money, and where it flows |last1=Catsoulis |first1=Jeannette |url=https://www.nytimes.com/2014/03/14/movies/big-men-looks-at-ghanaian-oil-discovery.html?_r=0 |newspaper=] |date=13 March 2014 |accessdate=10 July 2017}}</ref><ref name="Dansby14">{{cite news |title='Big Men' is a remarkable documentary on international oil business |last1=Dansby |first1=Andrew |url=http://www.houstonchronicle.com/entertainment/movies/article/Big-Men-a-remarkable-documentary-on-5525475.php |newspaper=] |date=3 June 2014 |accessdate=10 July 2017}}</ref> The documentary was shortened and adapted into a ] television documentary ''Storyville: Power, Money, Greed and Oil''.<ref name="Storyville">{{cite web |url=http://www.bbc.co.uk/programmes/b033v5xz |title=Power, Money, Greed & Oil |publisher=] |accessdate=10 July 2017}}</ref>


Kosmos went ] under the ticker symbol KOS on the ] on May 10, 2011.<ref name="Selyukh11"/> The ] raised more than anticipated, selling 33&nbsp;million shares at $18 each.<ref name="Selyukh11"/> Kosmos went ] under the ticker symbol KOS on the ] on May 10, 2011.<ref name="Selyukh11"/> The ] raised more than anticipated, selling 33&nbsp;million shares at $18 each.<ref name="Selyukh11"/>


Kosmos and ] reached a deal in June 2012, where subsidiary Chevron Global Energy Inc. received a 50% working interest in Block 45 and Block 42 in Suriname, to boost operations.<ref name="OET20062012">{{cite news |url=http://www.offshoreenergytoday.com/chevron-acquires-offshore-suriname-acreage/ |title=Chevron acquires offshore Suriname acreage |date=20 June 2012 |publisher=OffshoreEnergyToday.com |accessdate=10 July 2017}}</ref> In May 2016, Kosmos reached a farm-out agreement with a subsidiary of ], wherein Hess acquired a 33% nonoperated interest in Block 42 from Kosmos and Chevron.<ref name="OffshoreMag04052016">{{cite news |url=http://www.offshore-mag.com/articles/2016/05/hess-farms-into-block-42-offshore-suriname.html |title=Hess farms into block 42 offshore Suriname |date=4 May 2016 |publisher=Offshore-Mag.com |accessdate=10 July 2017}}</ref> Kosmos and ] reached a deal in June 2012, where subsidiary Chevron Global Energy Inc. received a 50% working interest in Block 45 and Block 42 in Suriname, to boost operations.<ref name="OET20062012">{{cite news |url=http://www.offshoreenergytoday.com/chevron-acquires-offshore-suriname-acreage/ |title=Chevron acquires offshore Suriname acreage |date=20 June 2012 |publisher=OffshoreEnergyToday.com |accessdate=10 July 2017}}</ref> In May 2016, Kosmos reached a farm-out agreement with a subsidiary of ], wherein Hess acquired a 33% non-operated interest in Block 42 from Kosmos and Chevron.<ref name="OffshoreMag04052016">{{cite news |url=http://www.offshore-mag.com/articles/2016/05/hess-farms-into-block-42-offshore-suriname.html |title=Hess farms into block 42 offshore Suriname |date=4 May 2016 |publisher=Offshore-Mag.com |accessdate=10 July 2017}}</ref>


Kosmos began a controversial oil drilling project in the Cap Boujdour area in 2014 off the coast of disputed territory of Western Sahara.<ref name="Milne16">{{cite news |title=Norway oil fund drops investment in Cairn and Kosmos |last1=Milne |first1=Richard |last2=Stacey |first2=Kiran |url=https://www.ft.com/content/3ed3be5a-3d19-11e6-8716-a4a71e8140b0?mhq5j=e1 |newspaper=] |date=28 June 2016 |accessdate=10 July 2017}}</ref> In an article from February 2015, former UN legal counsel Hans Corell stated that the ongoing exploration activities by Kosmos and ] is in violation of the legal opinion he wrote for the UN Security Council.<ref>{{cite news|title=The Responsibility of the UN Security Council in the Case of Western Sahara|url=http://www.judicialmonitor.org/current/specialcommentary.html |accessdate=29 March 2015|publisher= International Judicial Academy}}</ref> Kosmos has responded that its operations comply with international law and fall in line with the U.N. opinion.<ref name="Milne16"/><ref name="Noueihed14">{{cite news |title=Simmering Saharan conflict stirred by offshore oil search |last1=Noueihed |first1=Lin |url=http://www.reuters.com/article/westernsahara-oil-idUSL6N0KN1I120140113 |work=] |date=13 January 2014 |accessdate=11 July 2017}}</ref> Kosmos officials also told media it recognized that its work in the area must occur alongside U.N.-led mediation.<ref name="Noueihed14"/><ref name="Liljas14">{{cite news |title=There's a New Terrorist Threat Emerging in Western Sahara, and the World Isn't Paying Attention |last1=Liljas |first1=Per |url=http://time.com/3085464/theres-a-new-terror-threat-emerging-in-western-sahara-and-the-world-isnt-paying-attention/ |newspaper=] |date=8 August 2014 |accessdate=20 July 2017}}</ref><ref name="Landers13">{{cite news |title=A Dallas company could help diplomacy by finding oil in Western Sahara |last1=Landers |first1=Jim |url=https://www.dallasnews.com/business/health-care/2013/12/02/a-dallas-company-could-help-diplomacy-by-finding-oil-in-western-sahara |newspaper=] |date=December 2013 |accessdate=20 July 2017}}</ref> The company said local populations would benefit from the economic development of the region.<ref name="Noueihed14"/><ref name="Liljas14"/> A Kosmos official told ''Reuters'', "If we are successful, we believe responsible resource development has the potential to create significant social and economic benefits for Western Sahara and its people. We have worked in close partnership with Morocco — as the de facto administering power of the territory. They have a vital role to play in ensuring benefit sharing, among other important issues, will happen should we be successful".<ref name="Noueihed14"/> In 2016, ]'s ] recommended that the country's Government Pension Fund Global exclude Kosmos Energy and ] from its investment portfolio due to their activities in Western Sahara. In June 2016, the ''Financial Times'' quoted Kosmos correspondence with the Council on Ethics: "We fundamentally disagree with the council's assessment of our activities offshore Western Sahara, where we have spent considerable time on the ground working with local people to understand their views of oil and gas exploration. The council's decision fails to recognize that people in Western Sahara—whom we have met in hundreds of face-to-face conversations—want the economic opportunities that come from increased foreign investment."<ref name="Milne16">{{cite news |title=Norway oil fund drops investment in Cairn and Kosmos |last1=Milne |first1=Richard |last2=Stacey |first2=Kiran |url=https://www.ft.com/content/3ed3be5a-3d19-11e6-8716-a4a71e8140b0?mhq5j=e1 |newspaper=] |date=28 June 2016 |accessdate=10 July 2017}}</ref> Kosmos began a controversial oil drilling project in the Cap Boujdour area in 2014 off the coast of disputed territory of Western Sahara.<ref name="Milne16">{{cite news |title=Norway oil fund drops investment in Cairn and Kosmos |last1=Milne |first1=Richard |last2=Stacey |first2=Kiran |url=https://www.ft.com/content/3ed3be5a-3d19-11e6-8716-a4a71e8140b0?mhq5j=e1 |newspaper=] |date=28 June 2016 |accessdate=10 July 2017}}</ref> In an article from February 2015, former UN legal counsel Hans Corell stated that the ongoing exploration activities by Kosmos and ] is in violation of the legal opinion he wrote for the UN Security Council.<ref>{{cite news|title=The Responsibility of the UN Security Council in the Case of Western Sahara|url=http://www.judicialmonitor.org/current/specialcommentary.html |accessdate=29 March 2015|publisher= International Judicial Academy}}</ref> Kosmos has responded that its operations comply with international law and fall in line with the UN opinion.<ref name="Milne16"/><ref name="Noueihed14">{{cite news |title=Simmering Saharan conflict stirred by offshore oil search |last1=Noueihed |first1=Lin |url=http://www.reuters.com/article/westernsahara-oil-idUSL6N0KN1I120140113 |work=] |date=13 January 2014 |accessdate=11 July 2017}}</ref> Kosmos officials also told media it recognized that its work in the area must occur alongside UN-led mediation.<ref name="Noueihed14"/><ref name="Liljas14">{{cite news |title=There's a New Terrorist Threat Emerging in Western Sahara, and the World Isn't Paying Attention |last1=Liljas |first1=Per |url=http://time.com/3085464/theres-a-new-terror-threat-emerging-in-western-sahara-and-the-world-isnt-paying-attention/ |newspaper=] |date=8 August 2014 |accessdate=20 July 2017}}</ref><ref name="Landers13">{{cite news |title=A Dallas company could help diplomacy by finding oil in Western Sahara |last1=Landers |first1=Jim |url=https://www.dallasnews.com/business/health-care/2013/12/02/a-dallas-company-could-help-diplomacy-by-finding-oil-in-western-sahara |newspaper=] |date=December 2013 |accessdate=20 July 2017}}</ref>


The company said local populations would benefit from the economic development of the region.<ref name="Noueihed14"/><ref name="Liljas14"/> A Kosmos official told ''Reuters'', "If we are successful, we believe responsible resource development has the potential to create significant social and economic benefits for Western Sahara and its people. We have worked in close partnership with Morocco — as the de facto administering power of the territory. They have a vital role to play in ensuring benefit sharing, among other important issues, will happen should we be successful".<ref name="Noueihed14"/>
⚫ Kosmos made two significant gas discoveries offshore ] in 2015. Kosmos discovered gas at its Tortue-1 exploration well in Block C-8 in April 2015, followed by another gas discovery in its Marsouin-1 exploration well in the northern part of Block C-8.<ref name="OET270415"/><ref name=OGJ12112015"">{{cite news |title=Kosmos makes second gas discovery offshore Mauritania |url=http://www.ogj.com/articles/2015/11/kosmos-makes-second-gas-discovery-offshore-mauritania.html |newspaper=] |date=12 November 2015 |accessdate=11 July 2017}}</ref><ref name="OT16032016">{{cite news

|url=http://www.offshoreenergytoday.com/kosmos-delineates-gas-discoveries-off-mauritania-and-senegal/ |title=Kosmos delineates gas discoveries off Mauritania and Senegal |date=16 March 2016 |publisher=OffshoreEnergyToday.com |accessdate=10 July 2017}}</ref> A few kilometers south of Tortue-1, Kosmos Energy discovered gas at its Guembeul-1 exploration well offshore ] in January 2016.<ref name="OT16032016"/><ref name="Addison16">{{cite news |title=Exploration continues: Kosmos strikes gas offshore Senegal |last1=Addison |first1=Velda |url=http://www.epmag.com/exploration-continues-kosmos-strikes-gas-offshore-senegal-836586#p=full |newspaper=] |date=27 January 2016 |accessdate=10 July 2017}}</ref>
In 2016, ]'s ] recommended that the country's Government Pension Fund Global exclude Kosmos Energy and ] from its investment portfolio due to their activities in Western Sahara. In June 2016, the ''Financial Times'' quoted Kosmos correspondence with the Council on Ethics: "We fundamentally disagree with the council's assessment of our activities offshore Western Sahara, where we have spent considerable time on the ground working with local people to understand their views of oil and gas exploration. The council's decision fails to recognize that people in Western Sahara—whom we have met in hundreds of face-to-face conversations—want the economic opportunities that come from increased foreign investment."<ref name="Milne16">{{cite news |title=Norway oil fund drops investment in Cairn and Kosmos |last1=Milne |first1=Richard |last2=Stacey |first2=Kiran |url=https://www.ft.com/content/3ed3be5a-3d19-11e6-8716-a4a71e8140b0?mhq5j=e1 |newspaper=] |date=28 June 2016 |accessdate=10 July 2017}}</ref>

⚫ Kosmos made two significant gas discoveries offshore ] in 2015. Kosmos discovered gas at its Tortue-1 exploration well in Block C-8 in April 2015, followed by another gas discovery in its Marsouin-1 exploration well in the northern part of Block C-8.<ref name="OET270415"/><ref name=OGJ12112015"">{{cite news |title=Kosmos makes second gas discovery offshore Mauritania |url=http://www.ogj.com/articles/2015/11/kosmos-makes-second-gas-discovery-offshore-mauritania.html |newspaper=] |date=12 November 2015 |accessdate=11 July 2017}}</ref><ref name="OT16032016">{{cite news |url=http://www.offshoreenergytoday.com/kosmos-delineates-gas-discoveries-off-mauritania-and-senegal/ |title=Kosmos delineates gas discoveries off Mauritania and Senegal |date=16 March 2016 |publisher=OffshoreEnergyToday.com |accessdate=10 July 2017}}</ref> A few kilometers south of Tortue-1, Kosmos Energy discovered gas at its Guembeul-1 exploration well offshore ] in January 2016.<ref name="OT16032016"/><ref name="Addison16">{{cite news |title=Exploration continues: Kosmos strikes gas offshore Senegal |last1=Addison |first1=Velda |url=http://www.epmag.com/exploration-continues-kosmos-strikes-gas-offshore-senegal-836586#p=full |newspaper=] |date=27 January 2016 |accessdate=10 July 2017}}</ref>


The company continued to make gas discoveries in 2016 and 2017, including significant natural gas resources at the Teranga-1 exploration well offshore Senegal in 2016.<ref name="Ward17">{{cite news |title=BP and Kosmos strike gas again off Senegal |last1=Ward |first1=Andrew |url=https://www.ft.com/content/091c4a94-33e4-11e7-99bd-13beb0903fa3?mhq5j=e1 |newspaper=] |date=8 May 2017 |accessdate=10 July 2017}}</ref><ref name="Pedigo16">{{cite news |title=Kosmos' Ternaga-1 well encounters gas offshore Senegal |last1=Pedigo |first1=Eric |url=http://www.epmag.com/kosmos-teranga-1-well-encounters-gas-offshore-senegal-847856 |newspaper=Hart Energy |date=9 May 2016 |accessdate=10 July 2017}}</ref> In December 2016, Kosmos and ] entered a partnership in Mauritania and Senegal.<ref name="OET19122016"/><ref name="Burkhardt16">{{cite news |title=BP builds gas empire with $916 million purchase from Kosmos |last1=Burkhardt |first1=Paul |url=https://www.bloomberg.com/news/articles/2016-12-19/bp-to-acquire-stakes-in-west-africa-licenses-from-kosmos-energy |newspaper=] |date=19 December 2016 |accessdate=10 July 2017}}</ref> BP acquired a 62% working interest, including operatorship, of Kosmos' exploration blocks in Mauritania and a 32.49% effective working interest in Kosmos' Senegal exploration blocks.<ref name="OET19122016"/> In May 2017, the two companies made a major discovery off the coast of Senegal while drilling the Yakaar-1 exploration well.<ref name="Ward17"/> The company continued to make gas discoveries in 2016 and 2017, including significant natural gas resources at the Teranga-1 exploration well offshore Senegal in 2016.<ref name="Ward17">{{cite news |title=BP and Kosmos strike gas again off Senegal |last1=Ward |first1=Andrew |url=https://www.ft.com/content/091c4a94-33e4-11e7-99bd-13beb0903fa3?mhq5j=e1 |newspaper=] |date=8 May 2017 |accessdate=10 July 2017}}</ref><ref name="Pedigo16">{{cite news |title=Kosmos' Ternaga-1 well encounters gas offshore Senegal |last1=Pedigo |first1=Eric |url=http://www.epmag.com/kosmos-teranga-1-well-encounters-gas-offshore-senegal-847856 |newspaper=Hart Energy |date=9 May 2016 |accessdate=10 July 2017}}</ref> In December 2016, Kosmos and ] entered a partnership in Mauritania and Senegal.<ref name="OET19122016"/><ref name="Burkhardt16">{{cite news |title=BP builds gas empire with $916 million purchase from Kosmos |last1=Burkhardt |first1=Paul |url=https://www.bloomberg.com/news/articles/2016-12-19/bp-to-acquire-stakes-in-west-africa-licenses-from-kosmos-energy |newspaper=] |date=19 December 2016 |accessdate=10 July 2017}}</ref> BP acquired a 62% working interest, including operatorship, of Kosmos' exploration blocks in Mauritania and a 32.49% effective working interest in Kosmos' Senegal exploration blocks.<ref name="OET19122016"/> In May 2017, the two companies made a major discovery off the coast of Senegal while drilling the Yakaar-1 exploration well.<ref name="Ward17"/>

Kosmos listed on the London Stock Exchange on August 21, 2017.<ref name=Goldsmith17/>


==Operations== ==Operations==
===Ghana=== ===Ghana===
Kosmos Energy owns a 24.1% stake in Jubilee Oil Field.<ref name="10K2016-P15">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=22 |title=2016 Form 10-K |page=15 |date=2016 |publisher=Kosmos Energy |accessdate=11 July 2017}}</ref> The field is estimated to hold up to {{convert|1|Goilbbl}} of oil and {{convert|800|e9cuft|abbr=off}} of natural gas.<ref name="Smith2010">{{cite news |title=New Oil—and a Huge Challenge—for Ghana |last1=Smith |first1=Jeff |url=http://news.nationalgeographic.com/news/energy/2010/12/1012115-oil-ghana-environment-jubilee/ |newspaper=] |date=16 December 2010 |accessdate=10 July 2017}}</ref> {{As of|May 2017}}, the Jubilee field produces about {{convert|100000|oilbbl/d}} of oil.<ref name="Salvaterra17">{{cite news |title=Search for oil yields a new business model |last1=Salvaterra |first1=Neanda |url=https://www.wsj.com/articles/search-for-oil-yields-a-new-business-model-1495418761 |newspaper=] |date=21 May 2017 |accessdate=10 July 2017}}</ref> ] ] reportedly advocated for Kosmos and other U.S.-based oil companies in Ghana as Kosmos began development of the Jubilee field.<ref name="Grandoni16">{{cite news |title=How Hillary Clinton's State Department Fought For Oil 5,000 Miles Away |last1=Grandoni |first1=Dino |url=https://www.buzzfeed.com/dinograndoni/oil-in-ghana |newspaper=] |date=2 October 2016 |accessdate=10 July 2017}}</ref> Kosmos discovered the Jubilee Oil Field in 2007 and owns a 24.1% stake in the field.<ref name="10K2016-P15">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=22 |title=2016 Form 10-K |page=15 |date=2016 |publisher=Kosmos Energy |accessdate=11 July 2017}}</ref> The field is estimated to hold up to {{convert|1|Goilbbl|abbr=off}} of oil and {{convert|800|e9cuft|abbr=off}} of natural gas.<ref name="Smith2010">{{cite news |title=New Oil—and a Huge Challenge—for Ghana |last1=Smith |first1=Jeff |url=http://news.nationalgeographic.com/news/energy/2010/12/1012115-oil-ghana-environment-jubilee/ |newspaper=] |date=16 December 2010 |accessdate=10 July 2017}}</ref> {{As of|May 2017}}, the Jubilee field produces about {{convert|100000|oilbbl/d|abbr=off}} of oil.<ref name="Salvaterra17">{{cite news |title=Search for oil yields a new business model |last1=Salvaterra |first1=Neanda |url=https://www.wsj.com/articles/search-for-oil-yields-a-new-business-model-1495418761 |newspaper=] |date=21 May 2017 |accessdate=10 July 2017}}</ref> ] ] reportedly advocated for Kosmos and other U.S.-based oil companies in Ghana as Kosmos began development of the Jubilee field.<ref name="Grandoni16">{{cite news |title=How Hillary Clinton's State Department Fought For Oil 5,000 Miles Away |last1=Grandoni |first1=Dino |url=https://www.buzzfeed.com/dinograndoni/oil-in-ghana |newspaper=] |date=2 October 2016 |accessdate=10 July 2017}}</ref>


In addition to Jubilee, Kosmos is a partner on the TEN (Tweneboa, Enyenra and Ntomme) project developing the Tweneboa, Enyenra, and Ntomme hydrocarbon accumulations.<ref name="OTTen">{{cite web |url=http://www.offshore-technology.com/projects/ten-development-project-deepwater-tano-ghana/ |title=TEN Development Project, Deepwater Tano License, Ghana |publisher=Offshore-Technology.com |accessdate=10 July 2017}}</ref> Kosmos holds a 17% stake in the TEN, which sits approximately {{convert|30|mi}} offshore Ghana.<ref name="OTTen"/><ref name="201610K-P16">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=24 |title=2016 10-K |date=2016 |publisher=Kosmos Energy |accessdate=11 July 2017}}</ref> Oil first flowed from TEN in 2016.<ref name="OTTen"/> In addition to Jubilee, Kosmos is a partner on the TEN (Tweneboa, Enyenra and Ntomme) project developing the Tweneboa, Enyenra, and Ntomme hydrocarbon accumulations.<ref name="OTTen">{{cite web |url=http://www.offshore-technology.com/projects/ten-development-project-deepwater-tano-ghana/ |title=TEN Development Project, Deepwater Tano License, Ghana |publisher=Offshore-Technology.com |accessdate=10 July 2017}}</ref> Kosmos holds a 17% stake in the TEN, which sits approximately {{convert|30|mi}} offshore Ghana.<ref name="OTTen"/><ref name="201610K-P16">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=24 |title=2016 10-K |date=2016 |publisher=Kosmos Energy |accessdate=11 July 2017}}</ref> Oil first flowed from TEN in 2016.<ref name="OTTen"/>
Line 60: Line 65:
Kosmos has ownership interests in four blocks offshore Sao Tome and Principe: 5, 6, 11, and 12.<ref name="AnnualReport2016-P4">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=6 |title=2016 Annual Report |date=2016 |publisher=Kosmos Energy |accessdate=10 July 2017}}</ref> It operates blocks 5, 11, and 12; ] operates block 6.<ref name="10K2016-P14"/> Kosmos has ownership interests in four blocks offshore Sao Tome and Principe: 5, 6, 11, and 12.<ref name="AnnualReport2016-P4">{{cite web |url=http://www.kosmosenergy.com/annualreport/2016/?page=6 |title=2016 Annual Report |date=2016 |publisher=Kosmos Energy |accessdate=10 July 2017}}</ref> It operates blocks 5, 11, and 12; ] operates block 6.<ref name="10K2016-P14"/>


With Galp, Kosmos started a 3D seismic survey of a large stretch of ocean floor in 2017.<ref name="Salvaterra17"/><ref name="Morgan17">{{cite news |title=Seismic shoot at St Louis |last1=Morgan |first1=Barry |url=http://www.upstreamonline.com/hardcopy/1242857/seismic-shoot-at-st-louis-offshore-set-for-july |newspaper=Upstream |date=19 April 2017 |accessdate=11 July 2017}}</ref> According to ''The Wall Street Journal'', the survey is "one of the biggest offshore oil exploration efforts of its kind in the region".<ref name="Salvaterra17"/> With Galp, Kosmos started a 3D seismic survey of a large stretch of ocean floor in 2017.<ref name="Salvaterra17"/><ref name="Morgan17">{{cite news |title=Seismic shoot at St Louis |last1=Morgan |first1=Barry |url=http://www.upstreamonline.com/hardcopy/1242857/seismic-shoot-at-st-louis-offshore-set-for-july |newspaper=Upstream |date=19 April 2017 |accessdate=11 July 2017}}</ref> According to ''The Wall Street Journal'', the survey is "one of the biggest offshore oil exploration efforts of its kind in the region".<ref name="Salvaterra17"/> The survey was completed on August 20, 2017.<ref name=Esau17>{{cite news |title=CGG completes frontier 3D seismic shoot off Sao Tome |last1=Esau |first1=Iain |url=http://www.upstreamonline.com/hardcopy/1344257/cgg-completes-frontier-3d-seismic-shoot-off-sao-tome |newspaper=Upstreamonline.com |date=13 September 2017 |accessdate=3 October 2017}}</ref>


===Morocco and Western Sahara=== ===Morocco and Western Sahara===
As operator, Kosmos holds a 55% interest of the Boujdour Maritime block and 75% interest of the Essaouira block.<ref name="10K2016-P14"/><ref name="OET28102013">{{cite news |url=http://www.offshoreenergytoday.com/kosmos-energy-cairn-seal-farm-out-deal-morocco/ |title=Kosmos Energy, Cairn Seal Farm-Out Deal (Morocco) |date=28 October 2013 |publisher=OffshoreEnergyToday.com |accessdate=11 July 2017}}</ref> In October 2013, Kosmos reached a farm-out deal with Cairn Energy subsidiary Capricorn Exploration & Development Company Ltd. Under the deal, Cairn took a 20% nonoperated interest in Boujdour Maritime block.<ref name="OET28102013"/> As operator, Kosmos holds a 55% interest of the Boujdour Maritime block and 75% interest of the Essaouira block.<ref name="10K2016-P14"/><ref name="OET28102013">{{cite news |url=http://www.offshoreenergytoday.com/kosmos-energy-cairn-seal-farm-out-deal-morocco/ |title=Kosmos Energy, Cairn Seal Farm-Out Deal (Morocco) |date=28 October 2013 |publisher=OffshoreEnergyToday.com |accessdate=11 July 2017}}</ref> In October 2013, Kosmos reached a farm-out deal with Cairn Energy subsidiary Capricorn Exploration & Development Company Ltd. Under the deal, Cairn took a 20% nonoperated interest in Boujdour Maritime block.<ref name="OET28102013"/>


The license of the Boujdour block is signed with the Moroccan state oil company ]. The license of the Boujdour block is signed with the Moroccan state oil company ].<ref name="2016-10-K"/>


Kosmos announced in May 2014 it would plug and abandon its FA-1 well in the Foum Assaka Offshore block.<ref name="OET05052014">{{cite news |url=http://www.offshoreenergytoday.com/kosmos-fa-1-well-offshore-morocco-not-commercial/ |title=Kosmos: FA-1 well offshore Morocco not commercial |date=5 May 2014 |publisher=OffshoreEnergyToday.com |accessdate=11 July 2017}}</ref> While it did not find oil, the company said there was evidence of a working petroleum system and the well provided important seismic calibration details.<ref name="OET05052014"/> These details were incorporated into the company's petroleum system analysis.<ref name="OET05052014"/> Kosmos announced in May 2014 it would plug and abandon its FA-1 well in the Foum Assaka Offshore block.<ref name="OET05052014">{{cite news |url=http://www.offshoreenergytoday.com/kosmos-fa-1-well-offshore-morocco-not-commercial/ |title=Kosmos: FA-1 well offshore Morocco not commercial |date=5 May 2014 |publisher=OffshoreEnergyToday.com |accessdate=11 July 2017}}</ref> While it did not find oil, the company said there was evidence of a working petroleum system and the well provided important seismic calibration details.<ref name="OET05052014"/> These details were incorporated into the company's petroleum system analysis.<ref name="OET05052014"/>
Line 72: Line 77:


==Corporate affairs== ==Corporate affairs==
Kosmos Energy is headquartered in Dallas, Texas, and incorporated in Bermuda.<ref name="OfficeLocations"/><ref name="10K2016P-1"/> It trades on the New York Stock Exchange under the ticker symbol KOS and employs about 275&nbsp;workers globally.<ref name="KosmosProfile"/> Kosmos Energy is headquartered in Dallas, Texas, and incorporated in Bermuda.<ref name="OfficeLocations"/><ref name="10K2016P-1"/> It trades on the New York Stock Exchange under the ticker symbol KOS and employs about 275&nbsp;workers globally.<ref name="KosmosProfile"/> Kosmos also trades on the ].<ref name=Goldsmith17>{{cite news |title=Kosmos Energy lists on the London Stock Exchange in a bid to attract new investors |last1=Goldsmith |first1=Courtney |url=http://www.cityam.com/270594/kosmos-energy-lists-london-stock-exchange-bid-attract-new |newspaper=City A.M. |date=21 August 2017 |accessdate=3 October 2017}}</ref>


===Governance=== ===Governance===
Line 82: Line 87:
In Ghana, the company established the Kosmos Innovation Center in 2016, offering programs to help diversify Ghana's economy, including agriculture industry specifically.<ref name="Ampofo17"/ Among the center's projects is the AgriTech Challenge, which invites young innovators to develop programs to develop commercial agriculture in Ghana. In 2017, AgriTech Challenge attracted 400 participants.<ref name="Yeboah17">{{cite news |title=Kosmos Innovation Center 2017 AgriTech Challenge takes off |last1=Yeboah |first1=Isaac |url=http://www.graphic.com.gh/business/business-news/kosmos-innovation-center-2017-agritech-challenge-takes-off.html |newspaper=Graphic Online |date=13 February 2017 |accessdate=11 July 2017}}</ref> In addition, Kosmos has worked with the Safe Water Network to provide residents in Western Ghana with access to clean water.<ref name="Ablordeppey15">{{cite news |title=The Nzemaland, water and income: Kosmos' triple bottom line at work |url=http://www.graphic.com.gh/news/general-news/the-nzemaland-water-and-income-kosmos-triple-bottom-line-at-work.html |newspaper=Graphic Online |date=23 September 2015 |accessdate=11 July 2017}}</ref> In Ghana, the company established the Kosmos Innovation Center in 2016, offering programs to help diversify Ghana's economy, including agriculture industry specifically.<ref name="Ampofo17"/ Among the center's projects is the AgriTech Challenge, which invites young innovators to develop programs to develop commercial agriculture in Ghana. In 2017, AgriTech Challenge attracted 400 participants.<ref name="Yeboah17">{{cite news |title=Kosmos Innovation Center 2017 AgriTech Challenge takes off |last1=Yeboah |first1=Isaac |url=http://www.graphic.com.gh/business/business-news/kosmos-innovation-center-2017-agritech-challenge-takes-off.html |newspaper=Graphic Online |date=13 February 2017 |accessdate=11 July 2017}}</ref> In addition, Kosmos has worked with the Safe Water Network to provide residents in Western Ghana with access to clean water.<ref name="Ablordeppey15">{{cite news |title=The Nzemaland, water and income: Kosmos' triple bottom line at work |url=http://www.graphic.com.gh/news/general-news/the-nzemaland-water-and-income-kosmos-triple-bottom-line-at-work.html |newspaper=Graphic Online |date=23 September 2015 |accessdate=11 July 2017}}</ref>


The company has partnered with an NGO, Le Partenariat, to sponsor programs in Senegal to improve the environment, including reduction of waste.<ref name="Ndarinfo18102016">{{cite news |title=Amélioration du cadre de vie : Kosmos Energy s’engage auprès des populations de la Langue de Barbarie |url=http://www.ndarinfo.com/Amelioration-du-cadre-de-vie-Kosmos-Energy-s-engage-aupres-des-populations-de-la-Langue-de-Barbarie_a17233.html |newspaper=Ndarinfo.com |date=18 October 2016 |accessdate=13 July 2017}}</ref><ref name="Ndarinfo20052017">{{cite news |title=LANGUE DE BARBARIE : vers l’éradication d’au moins 80% des dépôts irréguliers de déchets |url=http://www.ndarinfo.com/LANGUE-DE-BARBARIE-vers-l-eradication-d-au-moins-80-des-depots-irreguliers-de-dechets-video_a19052.html |newspaper=Ndarinfo.com |date=20 May 2017 |accessdate=13 July 2017}}</ref> The company has partnered with an NGO, Le Partenariat, to sponsor programs in Senegal to improve the environment.<ref name="Ndarinfo18102016">{{cite news |title=Amélioration du cadre de vie : Kosmos Energy s’engage auprès des populations de la Langue de Barbarie |url=http://www.ndarinfo.com/Amelioration-du-cadre-de-vie-Kosmos-Energy-s-engage-aupres-des-populations-de-la-Langue-de-Barbarie_a17233.html |newspaper=Ndarinfo.com |date=18 October 2016 |accessdate=13 July 2017}}</ref><ref name="Ndarinfo20052017">{{cite news |title=LANGUE DE BARBARIE : vers l’éradication d’au moins 80% des dépôts irréguliers de déchets |url=http://www.ndarinfo.com/LANGUE-DE-BARBARIE-vers-l-eradication-d-au-moins-80-des-depots-irreguliers-de-dechets-video_a19052.html |newspaper=Ndarinfo.com |date=20 May 2017 |accessdate=13 July 2017}}</ref>


Kosmos donated $67,500 worth of equipment to Polytechnic College of Suriname in 2016, to be used in its undergraduate Mechanical Engineering and Infrastructure programs. <ref name="starnieuws17">{{cite news |title=PTC receives practice materials from Kosmos Energy |url=http://www.starnieuws.com/index.php/welcome/index/nieuwsitem/40457 |newspaper=Starnieuws |date=22 March 2017 |accessdate=11 July 2017}}</ref> In 2017, the company donated $56,600 worth of equipment for students studying mineral production at ].<ref name="DBSuriname17">{{cite news |title=Kosmos Energy Suriname doneert equipment van USD 56.600 |url=http://www.dbsuriname.com/dbsuriname/index.php/kosmos-energy-suriname-doneert-equipment-van-usd-56-600/ |newspaper=Dagblad Suriname |date=13 June 2017 |accessdate=11 July 2017}}</ref> Kosmos has worked with international security company Safe Start to develop and deliver a safety training program for technical schools in the country.<ref name="DeWest16">{{cite news |title=Kosmos Energy Suriname werkt aan veiligheidscultuur op technische scholen |url=http://dagbladdewest.com/2016/11/05/kosmos-energy-suriname-werkt-aan-veiligheidscultuur-op-technische-scholen/ |newspaper=De West |date=5 November 2016 |accessdate=13 July 2017}}</ref><ref name="Gompers16">{{cite news |title=Kosmos Energy verzorgt veiligheidstraining voor scholen |last1=Gompers |first1=René |url=http://www.starnieuws.com/index.php/welcome/index/nieuwsitem/38211 |newspaper=Starnieuws |date=5 November 2016 |accessdate=13 July 2017}}</ref> Kosmos donated $67,500 worth of equipment to Polytechnic College of Suriname in 2016, to be used in its undergraduate Mechanical Engineering and Infrastructure programs. <ref name="starnieuws17">{{cite news |title=PTC receives practice materials from Kosmos Energy |url=http://www.starnieuws.com/index.php/welcome/index/nieuwsitem/40457 |newspaper=Starnieuws |date=22 March 2017 |accessdate=11 July 2017}}</ref> In 2017, the company donated $56,600 worth of equipment for students studying mineral production at ].<ref name="DBSuriname17">{{cite news |title=Kosmos Energy Suriname doneert equipment van USD 56.600 |url=http://www.dbsuriname.com/dbsuriname/index.php/kosmos-energy-suriname-doneert-equipment-van-usd-56-600/ |newspaper=Dagblad Suriname |date=13 June 2017 |accessdate=11 July 2017}}</ref> Kosmos has worked with international security company Safe Start to develop and deliver a safety training program for technical schools in the country.<ref name="DeWest16">{{cite news |title=Kosmos Energy Suriname werkt aan veiligheidscultuur op technische scholen |url=http://dagbladdewest.com/2016/11/05/kosmos-energy-suriname-werkt-aan-veiligheidscultuur-op-technische-scholen/ |newspaper=De West |date=5 November 2016 |accessdate=13 July 2017}}</ref><ref name="Gompers16">{{cite news |title=Kosmos Energy verzorgt veiligheidstraining voor scholen |last1=Gompers |first1=René |url=http://www.starnieuws.com/index.php/welcome/index/nieuwsitem/38211 |newspaper=Starnieuws |date=5 November 2016 |accessdate=13 July 2017}}</ref>

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Kosmos Energy Ltd.
Company typePublic
Traded asNYSE: KOS
Russell 1000 Component
LSE: KOS
IndustryOil and gas
Founded2003
Founders
  • James C. Musselman
  • Brian F. Maxted
  • W. Greg Dunlevy
  • Paul Dailly
HeadquartersDallas, Texas, United States
Key peopleAndrew G. Inglis (chairman and CEO)
Brian F. Maxted (chief exploration officer)
ProductsCrude oil
Natural gas
RevenueDecrease US$385 million (2016)
Net incomeDecrease US$-284 million (2016)
Total assetsIncrease US$3.34 billion (2016)
Number of employees275
Websitewww.kosmosenergy.com

Kosmos Energy is an American international oil company founded and based in Dallas, Texas. It is incorporated in Bermuda and has offices in Ghana, Mauritania, Senegal and Suriname. The company holds production and development operations offshore Ghana, in addition to discoveries and further exploration operations offshore Mauritania and Senegal, and exploration licenses offshore Sao Tome and Principe, Morocco and Western Sahara. It discovered the Jubilee oil field off the coast of Ghana. Kosmos was the focus of the documentary Big Men that followed the company as it worked to establish the Jubilee oil field in Ghana.

History

Kosmos Energy was established in 2003 by founding partners James C. Musselman, Brian F. Maxted, W. Greg Dunlevy, and Paul Dailly. Initial backing came from American private equity firms Warburg Pincus and The Blackstone Group.

Kosmos made one of the world's largest recent oil discoveries in June 2007, off the coast of Ghana. The company discovered the Jubilee Oil Field about 60 kilometres (37 mi) offshore. The first oil from the field was produced in 2010. The company and its operations in Ghana around the time of the Jubilee discovery and work to develop the field, was the focus of Rachel Boynton's 2013 documentary-film Big Men. The documentary was shortened and adapted into a BBC television documentary Storyville: Power, Money, Greed and Oil.

Kosmos went public under the ticker symbol KOS on the New York Stock Exchange on May 10, 2011. The initial public offering raised more than anticipated, selling 33 million shares at $18 each.

Kosmos and Chevron reached a deal in June 2012, where subsidiary Chevron Global Energy Inc. received a 50% working interest in Block 45 and Block 42 in Suriname, to boost operations. In May 2016, Kosmos reached a farm-out agreement with a subsidiary of Hess Corp., wherein Hess acquired a 33% non-operated interest in Block 42 from Kosmos and Chevron.

Kosmos began a controversial oil drilling project in the Cap Boujdour area in 2014 off the coast of disputed territory of Western Sahara. In an article from February 2015, former UN legal counsel Hans Corell stated that the ongoing exploration activities by Kosmos and Glencore is in violation of the legal opinion he wrote for the UN Security Council. Kosmos has responded that its operations comply with international law and fall in line with the UN opinion. Kosmos officials also told media it recognized that its work in the area must occur alongside UN-led mediation.

The company said local populations would benefit from the economic development of the region. A Kosmos official told Reuters, "If we are successful, we believe responsible resource development has the potential to create significant social and economic benefits for Western Sahara and its people. We have worked in close partnership with Morocco — as the de facto administering power of the territory. They have a vital role to play in ensuring benefit sharing, among other important issues, will happen should we be successful".

In 2016, Norway's Council on Ethics recommended that the country's Government Pension Fund Global exclude Kosmos Energy and Cairn Energy Plc. from its investment portfolio due to their activities in Western Sahara. In June 2016, the Financial Times quoted Kosmos correspondence with the Council on Ethics: "We fundamentally disagree with the council's assessment of our activities offshore Western Sahara, where we have spent considerable time on the ground working with local people to understand their views of oil and gas exploration. The council's decision fails to recognize that people in Western Sahara—whom we have met in hundreds of face-to-face conversations—want the economic opportunities that come from increased foreign investment."

Kosmos made two significant gas discoveries offshore Mauritania in 2015. Kosmos discovered gas at its Tortue-1 exploration well in Block C-8 in April 2015, followed by another gas discovery in its Marsouin-1 exploration well in the northern part of Block C-8. A few kilometers south of Tortue-1, Kosmos Energy discovered gas at its Guembeul-1 exploration well offshore Senegal in January 2016.

The company continued to make gas discoveries in 2016 and 2017, including significant natural gas resources at the Teranga-1 exploration well offshore Senegal in 2016. In December 2016, Kosmos and BP entered a partnership in Mauritania and Senegal. BP acquired a 62% working interest, including operatorship, of Kosmos' exploration blocks in Mauritania and a 32.49% effective working interest in Kosmos' Senegal exploration blocks. In May 2017, the two companies made a major discovery off the coast of Senegal while drilling the Yakaar-1 exploration well.

Kosmos listed on the London Stock Exchange on August 21, 2017.

Operations

Ghana

Kosmos discovered the Jubilee Oil Field in 2007 and owns a 24.1% stake in the field. The field is estimated to hold up to 1 billion barrels (160 million cubic metres) of oil and 800 billion cubic feet (23 billion cubic metres) of natural gas. As of May 2017, the Jubilee field produces about 100,000 barrels per day (16,000 cubic metres per day) of oil. U.S. Secretary of State Hillary Clinton reportedly advocated for Kosmos and other U.S.-based oil companies in Ghana as Kosmos began development of the Jubilee field.

In addition to Jubilee, Kosmos is a partner on the TEN (Tweneboa, Enyenra and Ntomme) project developing the Tweneboa, Enyenra, and Ntomme hydrocarbon accumulations. Kosmos holds a 17% stake in the TEN, which sits approximately 30 miles (48 km) offshore Ghana. Oil first flowed from TEN in 2016.

Senegal

Kosmos operates in the Cayar and St. Louis blocks offshore Senegal. It holds a 32.51% interest in each of its two exploration licenses.

Kosmos and BP have a farm-out agreement over the joint gas discovery in Mauritania and Senegal, as well as future exploration. Under the deal, Kosmos focuses on exploration, while BP controls development and production operations. The two companies have discovered an estimated 15 trillion cubic feet (420 billion cubic metres) of gross Pmean gas resource at the Yakaar-1 exploration well.

Mauritania

In Mauritania, Kosmos holds 28% stakes in four blocks. It made a significant gas discovery at its Tortue-1 well in Block C-8, offshore Mauritania, in April 2015. The well was drilled to test the Tortue West prospect, forming a part of the Greater Tortue complex. Its next discovery offshore came at Kosmos' Marsouin-1 exploration well in the northern part of Block C-8. With results from its Ahmeyim-2 appraisal well, Kosmos estimated the Tortue West contains 15 trillion cubic feet (420 billion cubic metres) of gas, and the Greater Tortue Complex contains more than 20 trillion cubic feet (570 billion cubic metres). Company officials said this discovery confirmed that the Tortue gas resource, which is also called Ahmeyim, straddles the maritime boundary between Senegal and Mauritania.

Suriname

In Suriname, Kosmos operates in two exploration license areas. It holds a 50% interest in Block 45 and a 33% interest in Block 42.

Sao Tome and Principe

Kosmos has ownership interests in four blocks offshore Sao Tome and Principe: 5, 6, 11, and 12. It operates blocks 5, 11, and 12; Galp operates block 6.

With Galp, Kosmos started a 3D seismic survey of a large stretch of ocean floor in 2017. According to The Wall Street Journal, the survey is "one of the biggest offshore oil exploration efforts of its kind in the region". The survey was completed on August 20, 2017.

Morocco and Western Sahara

As operator, Kosmos holds a 55% interest of the Boujdour Maritime block and 75% interest of the Essaouira block. In October 2013, Kosmos reached a farm-out deal with Cairn Energy subsidiary Capricorn Exploration & Development Company Ltd. Under the deal, Cairn took a 20% nonoperated interest in Boujdour Maritime block.

The license of the Boujdour block is signed with the Moroccan state oil company ONHYM.

Kosmos announced in May 2014 it would plug and abandon its FA-1 well in the Foum Assaka Offshore block. While it did not find oil, the company said there was evidence of a working petroleum system and the well provided important seismic calibration details. These details were incorporated into the company's petroleum system analysis.

On March 2, 2015, Kosmos Energy said its CB-1 exploration well in Cap Boujdour made a small discovery. The discovery was noncommercial, and the well was plugged and abandoned.

Corporate affairs

Kosmos Energy is headquartered in Dallas, Texas, and incorporated in Bermuda. It trades on the New York Stock Exchange under the ticker symbol KOS and employs about 275 workers globally. Kosmos also trades on the London Stock Exchange.

Governance

The company is governed by a 10-member board of directors. Its executive leadership includes chairman and CEO Andrew G. Inglis, Chief Exploration Officer Brian F. Maxted, and Senior Vice President and Chief Financial Officer Thomas P. Chambers.

Sponsorship

In Dallas, Kosmos gave $450,000 to the Perot Museum of Nature and Science, creating the Kosmos Energy STEM Teacher Institute Kosmos also supports the Dallas Museum of Art. It is the presenting sponsor of the Keir Collection of Islamic Art.

In Ghana, the company established the Kosmos Innovation Center in 2016, offering programs to help diversify Ghana's economy, including agriculture industry specifically.Cite error: The <ref> tag has too many names (see the help page). In addition, Kosmos has worked with the Safe Water Network to provide residents in Western Ghana with access to clean water.

The company has partnered with an NGO, Le Partenariat, to sponsor programs in Senegal to improve the environment.

Kosmos donated $67,500 worth of equipment to Polytechnic College of Suriname in 2016, to be used in its undergraduate Mechanical Engineering and Infrastructure programs. In 2017, the company donated $56,600 worth of equipment for students studying mineral production at Anton de Kom University of Suriname. Kosmos has worked with international security company Safe Start to develop and deliver a safety training program for technical schools in the country.

References

  1. ^ "Office locations". Kosmos Energy. Retrieved 12 July 2017.
  2. ^ "Kosmos Energy discovers gas offshore Mauritania". Offshore Energy Today. 27 April 2015. Retrieved 10 July 2017.
  3. "Leadership". Kosmos Energy. Retrieved 10 July 2017.
  4. ^ "Form 10-K Kosmos Energy Ltd". Securities and Exchange Commission. Retrieved 2 August 2017.
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