Kosmos Energy is a full-cycle deepwater independent oil and gas exploration and production company focused on the Atlantic Margins. The company's assets include oil production and exploration in proven basins offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal.
Kosmos’ longer-cycle exploration targets under-explored or overlooked petroleum systems. Once an area of interest has been identified, Kosmos targets licenses over the particular basin or fairway to achieve an early mover or in many cases a first mover advantage. In terms of license selection, the company targets specific regions that have sufficient size to manage exploration risks and provide scale should the exploration concept prove successful. Kosmos also looks for long-term contract duration to enable the "right" exploration program to be executed, play type diversity to provide multiple exploration concept options, prospect dependency to enhance the chance of replicating success, and sufficiently attractive fiscal terms to maximize the commercial viability of discovered hydrocarbons.
Reserves
At year end 2020, Kosmos had 2P reserves of around 480 million barrels, a reserves-to-production life of over 20 years, and 1P SEC reserves of around 140 million barrels (which excludes Tortue Phase 1), a reserves-to-production life of around 7 years, as certified by an independent third party.
Production
Total net production in the fourth quarter of 2020 averaged approximately 60,200 boepd. Full year net production of approximately 60,800 boepd is consistent with the Company's updated guidance.
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