Kosmos Energy Ltd - Kosmos Provides Update on Exploration Program
Kosmos ENERGY provides UPDATE ON EXPLORATION DRILLING PROGRAM OFFSHORE MAURITANIA
Designed to test Lower Cenomanian and Albian reservoirs charged from the deeper Valanginian-Neocomian source, the Hippocampe-1 well was drilled to a total depth of 5,500 meters. Well-developed reservoirs were encountered in both exploration targets but these proved to be water bearing. The well will now be plugged and abandoned. It is believed that this prospect failed due to a lack of charge access in this part of the play fairway.
The Ensco DS 12 drillship will now proceed as planned to Block C-12 offshore
Kosmos holds rights in the C-6, C-8, C-12, C-13, and C-18 contract areas under production sharing contracts with the Government of Mauritania's Société Mauritanienne Des Hydrocarbures et de Patrimoine Minier (SMHPM). The blocks range in water depth between 100 and 3,000 meters, and have combined acreage of over 40,000 square kilometers gross. Kosmos is the exploration operator of Block C-8 with 28 percent equity and is joined by its partners BP (LSE:BP) (62 percent) and SMPHM (10 percent).
About Kosmos Energy
Kosmos is a leading independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. Our assets include existing production and development projects offshore
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos' estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words "anticipate," "believe," "intend," "expect," "plan," "will" or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos'
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