Kosmos Energy Inroads in Ghana


Kosmos Energy Ltd. (KOS) is making steady inroads into Ghana, where its Plan of Development (PoD) was recently approved for the Tweneboa-Enyenra-Ntomme (TEN) discoveries.

Located in the Deepwater Tano Block, 60 kilometers (37 miles) offshore Ghana and approximately 30 kilometers (18 miles) west of the Jubilee Field, the TEN project would be a major expansion for Kosmos and its co-venturers. Kosmos holds a 17% stake in the Deepwater Tano Block. The company's co-venturers include Tullow Oil plc as operator (47.18%), Anadarko Petroleum Corporation (APC), Sabre Oil & Gas Holdings Ltd., a wholly owned subsidiary of Petro SA (3.82%), and the Ghana National Petroleum Corporation (15%).

Kosmos expects the TEN project to deliver first oil in 2016, with a plateau production rate of 80,000 barrels of oil per day. Future development of gas resources at TEN is anticipated following the commencement of oil start-up.

Development of TEN will include the drilling and completion of up to 24 development wells, with half of the wells designed as producers and the remainder for water and gas injection to support ultimate field recoveries. The wells will be connected through subsea infrastructure to a Floating, Production, Storage, and Offloading (:FPSO) vessel, moored in approximately 4,920 feet of water.

Kosmos Energy Ltd. operates as an oil and gas exploration and production company focused on under-explored regions in Africa. The company is based in Hamilton, Bermuda. The company's asset portfolio includes the existing production and other major project developments offshore Ghana, as well as exploration licenses with significant hydrocarbon potential offshore Ireland, Mauritania, Morocco and Suriname and onshore Cameroon.
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