Since 2007, Kosmos has discovered eight commercial fields in Ghana.
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|Kosmos Energy Announces Major Gas Discovery Offshore Senegal|
Extends 100 percent exploration success rate offshore
Yakaar-1 is the first well in a series of four independent tests of the
basin floor fan fairways, outboard of the proven slope channel trend
opened with the Tortue-1 discovery. Located in the Cayar Offshore
Profond block approximately 95 kilometers northwest of
Kosmos estimates Yakaar-1 discovered a gross Pmean gas resource of approximately 15 trillion cubic feet (Tcf), in-line with pre-drill expectations. Preliminary analysis of gas samples conducted on the rig suggest the well encountered a gas with a condensate-to-gas ratio (CGR) in the range previously encountered at Tortue and Teranga, approximately 15-30 barrels per million standard cubic feet. An appraisal program is being planned to delineate the Yakaar discovery.
After completion of operations on the Yakaar-1 well, the Atwood Achiever will mobilize to the Tortue-1 well to conduct a drill stem test (DST) on the Tortue discovery, enabling the commencement of Front End Engineering Design (FEED) in the second half of 2017, Final Investment Decision (FID) in 2018 and first gas in 2021.
Kosmos will provide additional information about the Yakaar-1 discovery
during its first quarter 2017 conference call on
Dial-in telephone numbers:
Kosmos and BP each presently holds an effective 30% participating
interest in the Cayar Offshore Profond license as a result of their
respective ownership in our joint venture company,
Kosmos is a leading independent oil and gas exploration and production
company focused on frontier and emerging areas along the Atlantic
Margins. Our assets include existing production and development projects
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’