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News Breaks
January 13, 2014
05:37 EDTKOSKosmos names Andrew Inglis as chairman, CEO
The board of Kosmos Energy announced that it has appointed Andrew Inglis as chairman of the board and CEO, effective March 1, 2014. Current CEO Brian Maxted, a founding partner of Kosmos, will serve in the role of Chief Exploration Officer and continue to serve on the board. As previously announced and simultaneous to Inglis’ appointment, John Kemp III, Kosmos’ current chairman of the board, will retire from the board and from his consulting position with the company.
News For KOS From The Last 14 Days
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February 23, 2015
08:18 EDTKOSKosmos reports Q4 Jubilee field gross production averaged 100 bopd
In the fourth quarter of 2014, Jubilee field gross production averaged nearly 100,000 bopd. For the full year of 2014, Jubilee field production averaged approximately 102,000 bopd. Gas export commenced in November and full commissioning of the onshore natural gas processing facility is ongoing. In 2015, gas exports are expected to increase, enabling oil production from the field to rise towards field plateau. The Tweneboa, Enyenra and Ntomme project, the second major oil development project in Ghana, remains within budget and on-track to deliver first oil in the second half of 2016. The project is now greater than 50 percent complete with all 10 of the wells expected to be online at first oil already drilled. Activity is expected to increase in 2015 as completions begin and fabrication continues in advance of installation. The appraisal for the Mahogany, Teak and Akasa discoveries within the Greater Jubilee area was completed in December as scheduled. The results of the appraisal will be combined with the partnership’s views on additional phases of development at Jubilee. A plan for the full field development of Jubilee and MTA is expected to be presented to the Government of Ghana in 2015. The CB-1 well targeting the Al Khayr prospect offshore Western Sahara was spud on December 19, 2014. Operations are ongoing and we expect well results in early March.
08:17 EDTKOSKosmos sees FY15 total CapEx roughly $800M
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08:17 EDTKOSKosmos reports proved net reserves at end of 2014 75 BOE
The company’s proved net reserves at the end of 2014 were 75 million barrels of oil equivalent, an increase of 28 million barrels of oil equivalent from year-end 2013. The year-end 2014 volumes also include natural gas reserves of 2 million barrels of oil equivalent, slightly higher than in 2013, which represents only the gas anticipated to be used for power generation on the Jubilee and TEN floating production, storage and offloading vessels.
08:16 EDTKOSKosmos reports Q4 EPS 33c, may not compare to consensus (6c)
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