Kosmos Energy Publishes 2015 Corporate Responsibility Report
“At Kosmos, we recognize that delivering lasting benefits to local
communities and developing mutual trust with host governments is just as
important as operating competently below ground in our search for
hydrocarbons. That is why we help our host countries plan for future
success in managing hydrocarbon resources, and invest in building the
capacity needed to support sustainable local petroleum sectors. Our aim
is to conduct our operations in a manner that creates widely shared
economic and social opportunity,” said
By disclosing performance data, payments made to host governments, and real-life examples from Kosmos’ operations around the world, the report marks the company’s progress in promoting safety, environmental sustainability, human rights, and stakeholder engagement.
Key initiatives described in the report include:
- Disclosing payments made to host governments in aggregate and at the project level. Kosmos believes this type of disclosure is beneficial to civil society, local communities, and investors, and reflects evolving international expectations. It complements Kosmos’ existing practice of making its petroleum contracts publicly available on the company’s website.
Achieving a major local content milestone in
Ghanaby employing a 100 percent Ghanaian team. With Kosmos’ local office staffed completely by nationals, and the support of an independent advisory council comprised of respected business leaders, the company is demonstrating its commitment to running its business for the benefit of the people of Ghana, as well as shareholders.
Investing in training programs for local suppliers in
Mauritaniafocusing on workplace health and safety.
Completing an environmental and social impact assessment in
Senegalahead of drilling two natural gas discoveries which included consultation with more than 1,000 people in a range of coastal communities to ensure their concerns were documented and addressed prior to the start of operations.
Facilitating oil and gas workshops for civil society organizations in
Senegalas part of our engagement with the local chapter of the Extractive Industries Transparency Initiative.
Deepening cross-cultural understanding in
the United Statesby sponsoring Spirit and Matter: Masterpieces of the Keir Collection of Islamic Art, an internationally acclaimed exhibition at the Dallas Museum of Artthat preserves and protects treasures of the past while promoting new scholarship aimed at expanding collective knowledge of the Islamic World.
More information about the 2015 Corporate Responsibility Report, the company’s Business Principles, and Kosmos’ commitment to being a force for good can be found at www.kosmosenergy.com.
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
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’
Thomas Golembeski, +1-214-445-9674
Neal Shah, +1-214-445-9628
Rhys Williams, +1-214-445-9693