Kosmos Energy

Last updated
Kosmos Energy Ltd.
Company type Public
Industry Oil and gas
Founded2003;21 years ago (2003)
Founders
  • James C. Musselman
  • Brian F. Maxted
  • W. Greg Dunlevy
  • Paul Dailly
Headquarters Dallas, Texas, U.S.
Key people
 Andy Inglis
(chairman & CEO)
Neal D. Shah (CFO)
ProductsCrude oil
Natural gas
RevenueIncrease2.svg US$1.33 billion (2021)
Increase2.svg US$−78 million (2021)
Total assets Increase2.svg US$4.94 billion (2021)
Total equity Increase2.svg US$529 million (2021)
Number of employees
229 (December 2021)
Website kosmosenergy.com
Footnotes /references
[1] [2] [3] : 33, 87–88 

Kosmos Energy is an American upstream oil company founded and based in Dallas, Texas. While previously incorporated in Bermuda, Kosmos has reincorporated in Delaware. The company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore Mauritania and Senegal, and exploration licenses offshore Namibia, São Tomé and Príncipe and Suriname. It was previously involved in exploration offshore Morocco and Western Sahara. It discovered the Jubilee oil field off the coast of Ghana and the cross-border Tortue gas field offshore Mauritania and Senegal. Kosmos was the focus of a documentary Big Men that followed the company as it worked to establish the Jubilee oil field in Ghana. [4] [5]

Contents

History

Kosmos Energy was established in 2003 by founding partners James C. Musselman, Brian F. Maxted, W. Greg Dunlevy, and Paul Dailly. [6] [7] Initial backing came from American private equity firms Warburg Pincus and The Blackstone Group. [8] Originally, it was incorporated in Bermuda. [9]

Kosmos made one of the world's largest recent oil discoveries in June 2007, off the coast of Ghana. [8] The company discovered the Jubilee Oil Field about 60 kilometres (37 mi) offshore. [10] The first oil from the field was produced in 2010. [11] 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 . [4] [5] The documentary was shortened and adapted into a BBC television documentary Storyville: Power, Money, Greed and Oil. [12]

Kosmos went public under the ticker symbol KOS on the New York Stock Exchange on May 10, 2011. [8] The initial public offering raised more than anticipated, selling 33 million shares at $18 each. [8] It was listed on the London Stock Exchange on August 21, 2017. [13]

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. [14] 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. [15]

Kosmos began a controversial oil drilling project in the Cape Bojador area in 2014 off the coast of the disputed territory of Western Sahara. [16] In an article from February 2015, former UN legal counsel Hans Corell stated that exploration activities by Kosmos and Glencore were in violation of the legal opinion he wrote for the UN Security Council. [17] Kosmos responded that its operations complied with international law and were consistent with the UN opinion. [16] [18] Kosmos officials also told media it recognized that its work in the area must occur alongside UN-led mediation. [18] [19] [20]

The company said local populations in Western Sahara would benefit from the economic development of the region. [18] [19] 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". [18]

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." [16] In February 2018, Kosmos announced its withdrawal from Morocco and Western Sahara, marking the end of 17 years of companies in the oil sector there. [21]

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, which was later renamed Bir Allah, [22] in the northern part of Block C-8. [1] [23] [24] A few kilometers south of Tortue-1, Kosmos Energy discovered gas at its Guembeul-1 exploration well offshore Senegal in January 2016. [24] [25]

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. [26] [27] In December 2016, Kosmos and BP entered a partnership in Mauritania and Senegal. [28] [29] 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. [28] In May 2017, the two companies made a major discovery off the coast of Senegal while drilling the Yakaar-1 exploration well. [26]

Senegal and Mauritania signed a cooperation agreement to allow for Kosmos and BP to develop gas resources shared by the two counties in February 2018. [30] BP and Kosmos made a final investment decision on the Tortue project in December 2018, leading to the first phase of the Tortue LNG development. [31]

Kosmos Energy acquired Deep Gulf Energy, expanding Kosmos' oil and gas operations into the Gulf of Mexico, in August 2018. [32] [33] In December 2018, Kosmos was reincorporated in Delaware. [34] Previously, it was incorporated in Bermuda. [9]

Operations

As of 2021, Kosmos Energy produces oil and gas in Equatorial Guinea, Ghana and the Gulf of Mexico, and has a license to explore in one block offshore São Tomé and Príncipe. [3] : 10, 15  In December 2016, BP entered into a partnership with Kosmos, whereby BP became the operator of Kosmos's exploration blocks in Senegal and Mauritania, which includes the Greater Tortue Ahmeyim (GTA) liquefied natural gas project. [35] [36] Previously it operated also in Morocco and Western Sahara but has ended its operations there. [21]

Ghana

Kosmos Energy discovered the Jubilee Oil Field in 2007. The Jubilee 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. [37] United States 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. [38] In addition to Jubilee, Kosmos is a partner on the TEN (Tweneboa, Enyenra and Ntomme) project developing the Tweneboa, Enyenra, and Ntomme hydrocarbon accumulations. [39] Oil first flowed from TEN in 2016, which sits approximately 30 nautical miles (60 kilometres) off the coast of Ghana. [39] [40]

In 2016, Kosmos owned a 24.1% stake in Jubilee and a 17% stake in TEN. [41] Kosmos announced in late 2021 it had acquired an additional 18% interest in the Jubilee Field and an additional 11% interest in the TEN field, both from Occidental Petroleum Corporation for $550 million. [42] The 2021 transaction was subject to a 30 day pre-emption period, which was exercised by Tullow Oil reducing Kosmos' total interest in Jubilee to 38.3% and TEN to 19.8%. [43]

Equatorial Guinea

In October 2017, Kosmos entered a 50:50 joint venture with Trident Energy to acquire Hess Corporation's interest in the Ceiba Field and Okume Complex assets offshore Equatorial Guinea. [44] Kosmos also has interests in exploration blocks offshore Equatorial Guinea. [45] [46] [47] In November 2019, Kosmos announced an oil discovery at its S-5 well offshore of Equatorial Guinea. [48]

Gulf of Mexico

Kosmos Energy entered the deepwater Gulf of Mexico in August 2018 when it acquired Deep Gulf Energy from First Reserve, a private equity firm, for $1.23 billion. [32] Kosmos Energy paid $925 million in cash and $300 million in common stock to acquire DGE. [32] As a result of the transaction, Kosmos Energy increased its daily production by more than 50% to 70,000 barrels of oil equivalent; estimated reserves increased 40% to 280 million barrels of oil equivalent. [32]

Mauritania and Senegal

Kosmos has operated in the Cayar and St. Louis blocks offshore Senegal. [49] At the time of operation it held a 32.51% interest in each of the two exploration licenses. [50]

In Mauritania, Kosmos has acreage in the C8 and C12 blocks which range in depth from 100 to 3,000 meters. C8 and C12 are located on the western margin of the Mauritania Salt Basin offshore Mauritania. [51] It made a significant gas discovery at its Tortue-1 well in Block C-8, offshore Mauritania, in April 2015. [1] The well was drilled to test the Tortue West prospect, forming a part of the Greater Tortue complex. [1] Its next discovery offshore came at Kosmos' Marsouin-1 exploration well, later renamed Bir Allah, in the northern part of Block C-8. [52] 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). [53] Company officials said this discovery confirmed that the Tortue gas resource, which is also called Ahmeyim, straddles the maritime boundary between Senegal and Mauritania. [25]

Kosmos and BP have a farm-out agreement over the joint gas discovery in Mauritania and Senegal, as well as future exploration. [28] Under the deal, Kosmos focuses on exploration, while BP controls development and production operations. [26] [29] 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. [54] At the end of 2018, Kosmos Energy announced a final investment decision for phase 1 of the Greater Tortue Ahmeyim LNG Project alongside BP. [31] [55]

The Greater Tortue Ahmeyin (GTA) natural gas field is being developed to produce gas from a deepwater system to a midwater floating production storage and offloading (FPSO) vessel. The FPSO processes the gas for liquefaction and sends the gas via pipeline to a floating liquefied natural gas (FLNG) facility. The FLNG facility is located on the Mauritania and Senegal maritime border. [3] [56] As of September 2022, phase 1 of the Greater Tortue Ahmeyim project was expected to begin production in 2023 with an estimated yield of approximately 2.5 million tons annually; a final investment decision had not been reached for phase 2. The GTA project will provide global export and provide gas availability for domestic use in Mauritania and Senegal. [56] [3] [57]

Kosmos Energy confirmed gas resources at the Yakaar-2 appraisal well offshore Senegal. [58] In October 2019, Kosmos made a major gas discovery at its Orca-1 exploration well offshore Mauritania. The company estimated the total gas available as 100 trillion cubic feet. [59] [60] In October 2019, Kosmos made a major gas discovery at its Orca-1 exploration well offshore Mauritania. The company estimated the total gas available offshore Mauritania and Senega as 100 trillion cubic feet of gas. [59] [60]

Suriname

In Suriname, Kosmos operated in two exploration licensed areas. [61] It held a 50% interest in Block 45 and a 33% interest in Block 42. [61] In 2018, it abandoned two exploration wells, Anapai-1A in Block 45 and Pontoenoe-1 in Block 42, because the company failed to find hydrocarbons. [62] [63] Royal Dutch Shell acquired Kosmos Energy's offshore Suriname position in December 2020. [64]

Morocco and Western Sahara

As operator, Kosmos held a 55% interest of the Boujdour Maritime block and 75% interest of the Essaouira block. [61] [65] 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% non-operated interest in Boujdour Maritime block. [65]

The license of the Boujdour block was signed with the Moroccan state oil company ONHYM. [40]

Kosmos announced in May 2014 it would plug and abandon its FA-1 well in the Foum Assaka Offshore block. [66] 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. [66] These details were incorporated into the company's petroleum system analysis. [66]

On March 2, 2015, Kosmos Energy said its CB-1 exploration well in Cap Boujdour made a small discovery. [67] The discovery was noncommercial, and the well was plugged and abandoned in February 2018. [21]

Other African countries

Kosmos had ownership interests in six blocks offshore Sao Tome and Principe, including two blocks where Kosmos partnered with BP. [68] In 2018, Kosmos announced it would explore a number of blocks offshore with Royal Dutch Shell. [69] Shell purchased five of the Kosmos blocks in 2020. [70] As of 2022 Kosmos continues to have an interest in Block 5 in Sao Tome. [71] [72]

With Galp, Kosmos ordered a 3D seismic survey of a large stretch of ocean floor. [73] [74] According to The Wall Street Journal, the survey was "one of the biggest offshore oil exploration efforts of its kind in the region". [73] The survey was completed on August 20, 2017. [75]

Kosmos Energy had an offshore license in Congo-Brazzaville for the Marine XXI block, which covered more than 2,300 square km. The company signed a production sharing agreement with Congo-Brazzaville and the Société Nationale des Pétroles du Congo. [76] [77] Kosmos terminated the contract in February 2020. [78]

In 2018, Kosmos Energy partnered with Royal Dutch Shell to explore blocks offshore Namibia. [69] In September 2020, Shell entered into an agreement to farm down Kosmos' portfolio of frontier exploration assets. [72]

Corporate affairs

Kosmos Energy is headquartered in Dallas, Texas, [32] and incorporated in Delaware. [79] It trades on the New York and London stock exchanges under the ticker symbol KOS and, as of 2018, employed about 380 workers globally. [13] [80] [81]

Governance

The company is governed by a board of directors. [82] Its executive leadership includes chairman and CEO Andrew G. Inglis, Chief Exploration Officer Tracey Henderson, and Senior Vice President and Chief Financial Officer Thomas P. Chambers. [83] [84]

Other initiatives

In Dallas, Kosmos gave $450,000 to the Perot Museum of Nature and Science, creating the Kosmos Energy STEM Teacher Institute [85] [86] Kosmos also supports the Dallas Museum of Art. It is the presenting sponsor of the Keir Collection of Islamic Art. [87] [88]

In Ghana, the company established the Kosmos Innovation Center in 2016, offering entrepreneurship programs to help diversify Ghana's economy, including the agriculture industry specifically. [89] Among the center's projects is the AgriTech Challenge, which invites young innovators to develop programs to develop commercial agriculture in Ghana. In 2017, the AgriTech Challenge attracted 400 participants. [90] In addition, Kosmos has worked with the Safe Water Network to provide residents in Western Ghana with access to clean water. [91]

The company has partnered with an NGO, Le Partenariat, to sponsor programs in Senegal to improve the environment. [92] [93] In 2018, Kosmos Innovation Center launched a start-up accelerator program in Senegal. The program supports young entrepreneurs working to improve the agriculture, livestock, fisheries sectors and Senegal's overall economy. [94] Kosmos launched the Mauritania Innovation Challenge (MIC) in August 2018, and it is modeled after the Kosmos Innovation Center. [95]

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. [96] In 2017, the company donated $56,600 worth of equipment for students studying mineral production at Anton de Kom University of Suriname. [97] Kosmos has worked with international security company Safe Start to develop and deliver a safety training program for technical schools in the country. [98] [99] The company has also created hunger relief and entrepreneurship projects in Ghana. [100]

Kosmos is a supporting company of the Extractive Industries Transparency Initiative (EITI). [101] As part of the company's transparency efforts, it began publishing project payments in 2014. It also publishes contracts and petroleum agreements, [102] and has disclosed U.S. tax payments. [103]

Related Research Articles

<span class="mw-page-title-main">Economy of Mauritania</span> Economy of the country

The economy of Mauritania is still largely based on agriculture and livestock, even though most of the nomads and many subsistence farmers were forced into the cities by recurring droughts in the 1970s and 1980s.

<span class="mw-page-title-main">TotalEnergies</span> French multinational energy and petroleum company

TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and is one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and production to power generation, transportation, refining, petroleum product marketing, and international crude oil and product trading. TotalEnergies is also a large-scale chemicals manufacturer.

<span class="mw-page-title-main">North Sea oil</span> Hydrocarbons from the North Sea

North Sea oil is a mixture of hydrocarbons, comprising liquid petroleum and natural gas, produced from petroleum reservoirs beneath the North Sea.

Woodside Energy Group Ltd is an Australian petroleum exploration and production company. Woodside is the operator of oil and gas production in Australia and also Australia's largest independent dedicated oil and gas company. It is a public company listed on the Australian Securities Exchange and has its headquarters in Perth, Western Australia. In the 2020 Forbes Global 2000, Woodside was ranked as the 1328th-largest public company in the world.

<span class="mw-page-title-main">Sonatrach</span> Oil and gas company of Algeria

Sonatrach is the national state-owned oil company of Algeria. Founded in 1963, it is known today to be the largest company in Africa with 154 subsidiaries, and often referred as the first African oil "major". In 2021, Sonatrach was the seventh largest gas company in the world.

<span class="mw-page-title-main">Eni</span> Italian multinational energy company

Eni S.p.A. is an Italian multinational energy company headquartered in Rome. One of the "supermajor" oil companies in the world, with a market capitalization of €48 billion, as of 31 December 2022. The Italian government owns a 30.33% golden share in the company, 4.37% held through the Ministry of Economy and Finance and 25.96% through the Cassa Depositi e Prestiti. The company is a component of the Euro Stoxx 50 stock market index.

<span class="mw-page-title-main">Anadarko Petroleum</span> American energy company

Anadarko Petroleum Corporation was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company. In 2019, the company was acquired by Occidental Petroleum.

The State Oil Company of the Republic of Azerbaijan, largely known by its abbreviation SOCAR, is a fully state-owned national oil and gas company headquartered in Baku, Azerbaijan. The company produces oil and natural gas from onshore and offshore fields in the Azerbaijani segment of the Caspian Sea. It operates the country's only oil refinery, one gas processing plant and runs several oil and gas export pipelines throughout the country. It owns fuel filling station networks under the SOCAR brand in Azerbaijan, Turkey, Georgia, Ukraine, Romania, Switzerland, and Austria.

<span class="mw-page-title-main">Inpex</span> Japanese oil company

INPEX Corporation is a Japanese oil company established in February 1966 as North Sumatra Offshore Petroleum Exploration Co., Ltd. INPEX is the largest oil and gas exploration and production company in Japan, with global exploration, development and production projects in 20 countries. In the 2020 Forbes Global 2000, INPEX was ranked as the 597th -largest public company in the world.

<span class="mw-page-title-main">Shell Australia</span> Australian regional subsidiary of Shell plc

Shell Australia is the Australian subsidiary of Shell. Shell has operated in Australia since 1901, initially delivering bulk fuel into Australia, then establishing storage and distribution terminals, oil refineries, and a network of service stations. It extended its Australian activities to oil exploration, petrochemicals and coal mining, and became a leading partner in Australia's largest resource development project, the North West Shelf Venture.

<span class="mw-page-title-main">QatarEnergy</span> Qatari state-owned oil company

QatarEnergy, formerly Qatar Petroleum (QP), is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President & CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's GDP. As of 2018 it was the third largest oil company in the world by oil and gas reserves. In 2022, the company had total revenues of US$52bn, a net income of US42.4bn, and total assets of US$162bn. In 2021, QatarEnergy was the fifth largest gas company in the world.

<span class="mw-page-title-main">Tullow Oil</span> Multinational oil and gas exploration company

Tullow Oil plc is a multinational oil and gas exploration company founded in Tullow, Ireland, with its headquarters in London, United Kingdom. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Oil reserves in Ghana</span> Oil reserves located in Ghana

The petroleum industry of Ghana is regulated by the state-owned Ghana National Petroleum Corporation (GNPC) and administered by the state-owned Ghana Oil Company (GOIL).

<span class="mw-page-title-main">BP</span> British multinational oil and gas company

BP p.l.c. is a British multinational oil and gas company headquartered in London, England. It is one of the oil and gas "supermajors" and one of the world's largest companies measured by revenues and profits. It is a vertically integrated company operating in all areas of the oil and gas industry, including exploration and extraction, refining, distribution and marketing, power generation, and trading.

Morocco's energy policy is set independently by two agencies of the government: the Office of Hydrocarbons and Mining (ONHYM) which sets domestic oil policy, and the Office National de l'Electricité (ONE), which sets policy with regard to electricity. The two major weaknesses of the energy policy of Morocco are the lack of coordination between these two agencies and the lack of development of domestic energy sources.

<span class="mw-page-title-main">Natural gas in Qatar</span>

The natural gas in Qatar covers a large portion of the world supply of natural gas. According to the Oil & Gas Journal, as of January 1, 2011, reserves of natural gas in Qatar were measured at approximately 896 trillion cubic feet ; this measurement means that the state contains 14% of all known natural-gas reserves, as the world's third-largest reserves, behind Russia and Iran. The majority of Qatar's natural gas is located in the massive offshore North Field, which spans an area roughly equivalent to Qatar itself. A part of the world's largest non-associated, natural-gas field, the North Field, is a geological extension of Iran's South Pars / North Dome Gas-Condensate field, which holds an additional 450 trillion cubic feet of recoverable natural-gas reserves.

<span class="mw-page-title-main">Energy in Egypt</span>

This article describes the energy and electricity production, consumption and import in Egypt.

<span class="mw-page-title-main">Offshore oil and gas in the Gulf of Mexico (United States)</span> Major petroleum-producing area

Offshore oil and gas in the Gulf of Mexico is a major source of oil and natural gas in the United States. The western and central Gulf of Mexico, which includes offshore Texas, Louisiana, Mississippi, and Alabama, is one of the major petroleum-producing areas of the United States. Oil production from US federal waters in the Gulf of Mexico reached an all-time annual high of 1.65 million barrels per day in 2017. Oil production is expected to continue the upward trend in 2018 and 2019, based on ten new oil fields which are planned to start production in those years. According to the Energy Information Administration, "Gulf of Mexico federal offshore oil production accounts for 15% of total U.S. crude oil production and federal offshore natural gas production in the Gulf accounts for 5% of total U.S. dry production."

<span class="mw-page-title-main">Jubilee Oil Field</span>

The Jubilee Oil Field is an oil field located off the coast of the Ghana's Western Region in the South Atlantic Ocean under the ownership of the Kosmos Energy, Occidental Petroleum and the Tullow Oil.

<span class="mw-page-title-main">China National Offshore Oil Corporation</span> Chinese national oil company

China National Offshore Oil Corporation, or CNOOC Group, is the third-largest national oil company in China, after CNPC and China Petrochemical Corporation. The CNOOC Group focuses on the exploitation, exploration and development of crude oil and natural gas in offshore China, along with its subsidiary COOEC.

References

  1. 1 2 3 4 "Kosmos Energy discovers gas offshore Mauritania". Offshore Energy Today. 27 April 2015. Retrieved 10 July 2017.
  2. ↑ "Neal D. Shah Assumes Kosmos Energy CFO Position". oedigital.com. 12 May 2020.
  3. 1 2 3 4 "Kosmos Energy Ltd. 2021 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission . 28 February 2022.
  4. 1 2 Catsoulis, Jeannette (13 March 2014). "Oil and money, and where it flows". The New York Times . Retrieved 10 July 2017.
  5. 1 2 Dansby, Andrew (3 June 2014). "'Big Men' is a remarkable documentary on international oil business". Houston Chronicle . Retrieved 10 July 2017.
  6. ↑ "Kosmos CEO, co-founder retires". Dallas Business Journal . 3 January 2011. Retrieved 10 July 2017.
  7. ↑ Bounds, Jeff; Nielsen, Karen; Perez, Christine; Glenda Vosburgh (July 2014). "Entrepreneurs of the year 2014". D Magazine. Retrieved 10 July 2017.
  8. 1 2 3 4 Selyukh, Alina (10 May 2011). "Kosmos Energy IPO raises more than expected". Reuters. Retrieved 10 July 2017.
  9. 1 2 "2016 Form 10-K". 2016. Kosmos Energy. Retrieved 11 July 2017.
  10. ↑ "Jubilee Field, Ghana". Offshore Technology. Retrieved 10 July 2017.
  11. ↑ Moses Dotsey Aklorbortu (27 February 2017). "10 years after oil discovery, time to take stock". Graphic Online. Retrieved 10 July 2017.
  12. ↑ "Power, Money, Greed & Oil". BBC . Retrieved 10 July 2017.
  13. 1 2 "Kosmos Energy lists on London Stock Exchange" (Press release). Kosmos Energy. 21 August 2017. Retrieved 18 October 2017– via London Stock Exchange.
  14. ↑ "Chevron acquires offshore Suriname acreage". OffshoreEnergyToday.com. 20 June 2012. Retrieved 10 July 2017.
  15. ↑ "Hess farms into block 42 offshore Suriname". Offshore-Mag.com. 4 May 2016. Retrieved 10 July 2017.
  16. 1 2 3 Milne, Richard; Stacey, Kiran (28 June 2016). "Norway oil fund drops investment in Cairn and Kosmos" . Financial Times . Retrieved 10 July 2017.
  17. ↑ "The Responsibility of the UN Security Council in the Case of Western Sahara". International Judicial Academy. Retrieved 29 March 2015.
  18. 1 2 3 4 Noueihed, Lin (13 January 2014). "Simmering Saharan conflict stirred by offshore oil search". Reuters . Retrieved 11 July 2017.
  19. 1 2 Liljas, Per (8 August 2014). "There's a New Terrorist Threat Emerging in Western Sahara, and the World Isn't Paying Attention". Time . Retrieved 20 July 2017.
  20. ↑ Landers, Jim (December 2013). "A Dallas company could help diplomacy by finding oil in Western Sahara". The Dallas Morning News . Retrieved 20 July 2017.
  21. 1 2 3 "Kosmos and Cairn have pulled out of Western Sahara". Western Sahara Resource Watch. 7 February 2018. Retrieved 23 September 2019.
  22. ↑ O'Cinneide, Eoin (15 November 2018). "Kosmos and BP gear up for campaign off Mauritania and Senegal". Upstream. Retrieved 15 October 2019.
  23. ↑ "Kosmos makes second gas discovery offshore Mauritania". Oil & Gas Journal . 12 November 2015. Retrieved 11 July 2017.
  24. 1 2 "Kosmos delineates gas discoveries off Mauritania and Senegal". OffshoreEnergyToday.com. 16 March 2016. Retrieved 10 July 2017.
  25. 1 2 Addison, Velda (27 January 2016). "Exploration continues: Kosmos strikes gas offshore Senegal". Hart Energy . Retrieved 10 July 2017.
  26. 1 2 3 Ward, Andrew (8 May 2017). "BP and Kosmos strike gas again off Senegal". Financial Times . Retrieved 10 July 2017.
  27. ↑ Pedigo, Eric (9 May 2016). "Kosmos' Ternaga-1 well encounters gas offshore Senegal". Hart Energy. Retrieved 10 July 2017.
  28. 1 2 3 "BP teaming up with Kosmos in Mauritania and Senegal". OffshoreEnergyToday.com. 19 December 2016. Retrieved 10 July 2017.
  29. 1 2 Burkhardt, Paul (19 December 2016). "BP builds gas empire with $916 million purchase from Kosmos". Bloomberg . Retrieved 10 July 2017.
  30. ↑ Bavier, Joe (9 February 2018). "Senegal, Mauritania agree to cooperate on giant offshore gas field". Reuters . Retrieved 23 September 2019.
  31. 1 2 "BP gives go-ahead to Tortue investment in Africa LNG push". Gulf Times. 27 December 2018. Retrieved 23 September 2019.
  32. 1 2 3 4 5 French, David (6 August 2018). "Kosmos Energy expands into Gulf of Mexico with $1.23 billion DGE buy". Reuters . Retrieved 23 September 2019.
  33. ↑ "Kosmos in Gulf of Mexico acquisition". The Oil & Gas Year. 18 September 2018. Retrieved 23 September 2019.
  34. ↑ "2018 Form 10-K". Securities and Exchange Commission. 2018-12-31.
  35. ↑ Maslin, Elaine (December 21, 2017). "2017: Exploration hot spots". Offshore Engineer. Retrieved November 4, 2022.
  36. ↑ Mostefa Ouki (October 1, 2020). IV. Grand Tortue Ahmeyim LNG Project and Other LNG Hubs (Report). Oxford Institute for Energy Studies. p. 18. Retrieved November 4, 2022.
  37. ↑ Smith, Jeff (16 December 2010). "New Oil—and a Huge Challenge—for Ghana". National Geographic . Archived from the original on December 17, 2010. Retrieved 10 July 2017.
  38. ↑ Grandoni, Dino (2 October 2016). "How Hillary Clinton's State Department Fought For Oil 5,000 Miles Away". BuzzFeed . Retrieved 10 July 2017.
  39. 1 2 "TEN Development Project, Deepwater Tano License, Ghana". Offshore-Technology.com. Retrieved 10 July 2017.
  40. 1 2 "2016 10-K". Kosmos Energy. 2016. Retrieved 11 July 2017.
  41. ↑ "2016 Form 10-K". Kosmos Energy. 2016. p. 15. Retrieved 11 July 2017.
  42. ↑ "Kosmos Energy consolidates interests in Ghana's producing Jubilee and TEN fields". October 14, 2021. Retrieved April 25, 2022.
  43. ↑ Kulovic, Nermina (March 21, 2022). "Tullow Oil bolsters position in Ghana fields". Offshore Energy. Retrieved April 25, 2022.
  44. ↑ Barbee, Darren (24 October 2017). "Hess' offshore deals haul in $2.6 billion; free cash for Bakken, Guyana". Oil and Gas Investor. Retrieved 13 November 2017.
  45. ↑ Roelf, Wendell (23 October 2017). "Equatorial Guinea signs contract with Kosmos Energy for offshore blocks". Reuters . Retrieved 7 November 2017.
  46. ↑ "Kosmos Energy picks up assets in Equatorial Guinea as Hess exits". World Oil. 23 October 2017. Retrieved 7 November 2017.
  47. ↑ Kool, Tom (24 October 2017). "Oil prices rise ahead of inventory data". OilPrice.com. Retrieved 7 November 2017.
  48. ↑ Roelf, Wendell (3 November 2019). "Kosmos Energy finds oil off Equatorial Guinea: oil ministry". Reuters . Retrieved 2 December 2019.
  49. ↑ Ba, Diadie; Feliz, Bate (4 October 2014). "Kosmos to buy into Senegal offshore blocks for $400 mln". Reuters . Retrieved 10 July 2017.
  50. ↑ "BP joins Kosmos to develop West Africa LNG export project". LNG World News. 19 December 2016. Retrieved 10 July 2017.
  51. ↑ "2021 Annual Report" (PDF). Retrieved May 22, 2022.
  52. ↑ "Kosmos in second gas discovery offshore Mauritania". OffshoreEnergyToday.com. 12 November 2015. Retrieved 10 July 2017.
  53. ↑ "Kosmos hits gas at Ahmeyim-2, increases Tortue resourced estimates". Rigzone. 16 March 2016. Retrieved 10 July 2017.
  54. ↑ "Kosmos hits 'major' gas discovery off Senegal". OffshoreEnergyToday.com. 8 May 2017. Retrieved 10 July 2017.
  55. ↑ "BP sanctions Greater Tortue Ahmeyim LNG project". LNG World News. 21 December 2019. Retrieved 23 September 2019.
  56. 1 2 Ramachandran, Vijaya (March 11, 2022). "Germany Should Look to Africa for Gas, Not Russia". Foreign Policy . Retrieved May 19, 2022.
  57. ↑ Hoije, Katarina; Niang, Momar (September 1, 2022). "Gas Project in Senegal Needs $5 Billion of Investment, Sall Says". Bloomberg. Retrieved February 27, 2023.
  58. ↑ "Kosmos Energy confirms gas at Yakaar-2 appraisal well offshore Senegal". Offshore Technology. 23 September 2019. Retrieved 1 October 2019.
  59. 1 2 Spencer, Starr (May 9, 2022). "Kosmos Energy eyes increasing oil, gas production 50% by 2024". SPGlobal. Retrieved May 22, 2022.
  60. 1 2 Ouki, Mostefa (October 1, 2020). "Mauritania - Senegal: an emerging New African Gas Province – is it still possible?" (PDF). Oxford Energy. Retrieved May 25, 2022.
  61. 1 2 3 "2016 Form 10K". Kosmos Energy. 2016. Retrieved 10 July 2017.
  62. ↑ Hopkins, Jon (26 June 2018). "Kosmos Energy says Anapai-1A exploration well, offshore Suriname plugged and abandoned after failing to find oil". Proactive Investor. Retrieved 23 September 2019.
  63. ↑ "Kosmos Energy to abandon Suriname offshore exploration well". Offshore Technology. 12 October 2018. Retrieved 23 September 2019.
  64. ↑ Krauss, Clifford (January 20, 2021). "Suriname Could Be Latest Big Oil Find as Industry Cuts Costs". New York Times. Retrieved April 27, 2022.
  65. 1 2 "Kosmos Energy, Cairn Seal Farm-Out Deal (Morocco)". OffshoreEnergyToday.com. 28 October 2013. Retrieved 11 July 2017.
  66. 1 2 3 "Kosmos: FA-1 well offshore Morocco not commercial". OffshoreEnergyToday.com. 5 May 2014. Retrieved 11 July 2017.
  67. ↑ "Kosmos makes Morocco play-opener". Offshore Engineer. 2 March 2015. Retrieved 11 July 2017.
  68. ↑ Bavier, Joe (23 January 2018). "BP, Kosmos win rights to two oil blocks in Sao Tome and Principe". Reuters . Retrieved 23 September 2019.
  69. 1 2 "Kosmos and Shell to explore off southwestern Africa". Interfax. 6 November 2018. Retrieved 23 September 2019.
  70. ↑ "Kosmos Sells Frontier Interests to Shell in $100-Million Deal". Journal of Petroleum Technology. September 8, 2020. Retrieved May 25, 2022.
  71. ↑ "Shell, Galp spud well offshore Sao Tome". Energy Voice. March 5, 2022. Retrieved May 25, 2022.
  72. 1 2 Kulovic, Nermina (December 10, 2020). "Kosmos closes farm down of exploration assets to Shell". Offshore Energy. Retrieved May 26, 2022.
  73. 1 2 Salvaterra, Neanda (21 May 2017). "Search for oil yields a new business model". The Wall Street Journal . Retrieved 10 July 2017.
  74. ↑ Morgan, Barry (19 April 2017). "Seismic shoot at St Louis". Upstream. Retrieved 11 July 2017.
  75. ↑ "CGG completes frontier 3D seismic shoot off Sao Tome" . Upstream Online . NHST Media Group. 13 September 2017. Retrieved 28 October 2017.
  76. ↑ "Nouvel accord entre le Congo et Kosmos Energy". Journal de Brazza. 6 March 2019. Retrieved 23 September 2019.
  77. ↑ "Kosmos lines up two deepwater GoM wells in 2019". Offshore. 6 May 2019. Retrieved 23 September 2019.
  78. ↑ "2020 Annual Report" (PDF). Kosmos Energy. 2020. Retrieved 22 April 2022.
  79. ↑ Lewis, Josh (19 December 2018). "Kosmos to re-locate". Upstream . Retrieved 23 September 2019.
  80. ↑ "2018 Annual Report". Kosmos Energy. 2018. Retrieved 23 September 2019.
  81. ↑ "Kosmos" (PDF). Kosmos Energy. Retrieved 26 June 2017.
  82. ↑ "Corporate governance". Kosmos Energy. Retrieved 11 July 2017.
  83. ↑ "2016 Form 10-K". Kosmos Energy. 2016. p. 160. Retrieved 11 July 2017.
  84. ↑ "Henderson named Kosmos chief exploration officer". Oil & Gas Journal. 18 February 2019. Retrieved 23 September 2019.
  85. ↑ "Perot Museum, Kosmos Energy team up on STEM teacher training program". The Dallas Morning News . 13 July 2015. Retrieved 11 July 2017.
  86. ↑ Hart, Michael (14 July 2015). "New STEM professional development program is launched in Dallas". THE Journal. Retrieved 11 July 2017.
  87. ↑ "Dallas Museum of Art presents 50 masterworks from rarely exhibited Keir Collection". ArtDaily. Retrieved 11 July 2017.
  88. ↑ "Dallas Museum of Art opening its Keir Collection of Islamic Art Gallery". The Dallas Morning News . 17 April 2017. Retrieved 11 July 2017.
  89. ↑ David Ampofo (8 June 2017). "Growing agriculture from oil". Graphic Online. Retrieved 10 July 2017.
  90. ↑ Yeboah, Isaac (13 February 2017). "Kosmos Innovation Center 2017 AgriTech Challenge takes off". Graphic Online. Retrieved 11 July 2017.
  91. ↑ "The Nzemaland, water and income: Kosmos' triple bottom line at work". Graphic Online. 23 September 2015. Retrieved 11 July 2017.
  92. ↑ "Amélioration du cadre de vie: Kosmos Energy s'engage auprès des populations de la Langue de Barbarie" [Improvement of the living environment: Kosmos Energy commits to the populations of the Langue de Barbarie]. Ndarinfo.com (in French). 18 October 2016. Retrieved 13 July 2017.
  93. ↑ "LANGUE DE BARBARIE : vers l'éradication d'au moins 80% des dépôts irréguliers de déchets". Ndarinfo.com. 20 May 2017. Retrieved 13 July 2017.
  94. ↑ "Lancement du concours " Sénégal Start-Up Accelerator " pour booster les startups sénégalaises". Social Netlink. October 13, 2018. Retrieved May 29, 2022.
  95. ↑ "Kosmos Energy at the heart of a partnership initiative to promote entrepreneurship in Mauritania". CRIDEM. November 12, 2018. Retrieved May 29, 2022.
  96. ↑ "PTC receives practice materials from Kosmos Energy". Starnieuws. 22 March 2017. Retrieved 11 July 2017.
  97. ↑ "Kosmos Energy Suriname doneert equipment van USD 56.600". Dagblad Suriname. 13 June 2017. Retrieved 11 July 2017.
  98. ↑ "Kosmos Energy Suriname werkt aan veiligheidscultuur op technische scholen". De West. 5 November 2016. Retrieved 13 July 2017.
  99. ↑ Gompers, René (5 November 2016). "Kosmos Energy verzorgt veiligheidstraining voor scholen". Starnieuws. Retrieved 13 July 2017.
  100. ↑ Zadok Kwame Gyesi (November 25, 2021). "Kosmos Energy commissions 3 hunger relief projects". Graphic Online. Retrieved April 27, 2022.
  101. ↑ Hubert, Don; Pitman, Rob. "Past the Tipping Point? Contract Disclosure within EITI" (PDF). Natural Resource Government Initiative. Retrieved April 28, 2022.
  102. ↑ "Transparency in the world's oil, gas, and mining industries - the UK's contribution". Gov UK. April 3, 2019. Retrieved April 30, 2022.
  103. ↑ "US NGOs want Exxon ousted from global transparency board". Stabroek News. February 12, 2018. Retrieved April 12, 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.