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Kosmos Energy’s Mahogany-1 exploration well discovered the Jubilee Field in Ghana’s deep waters, one of the largest oil finds in the last decade offshore West Africa. Subsequently, the company has made three additional oil discoveries in Ghana. Kosmos and its partners are developing the Jubilee Field on an accelerated schedule, targeting first oil production in late 2010.
The oil discoveries embody the vision of the Kosmos founders: build a sizable, highly valuable, and enduring oil and gas exploration and production enterprise through organic growth.
In addition to Ghana, Kosmos' expanding asset base includes licenses in other West African countries where the company primarily targets offshore oil plays in frontier and emerging basins, as well as established provinces.
Kosmos Energy is well known and respected by government officials, business leaders and peers for its incomparable scientific, operational, development and commercial experience in Africa. A group of five executives with proven track records in the oil and gas industry in general and West Africa in particular established Kosmos. The management team, which includes some of the world’s best oil finders, possesses the leadership capabilities and technical expertise to generate and participate in significant exploration and production projects, particularly in deep waters. All have proven profiles and previously worked together in the oil and gas business.
Major, ongoing capital commitments and investments by blue-chip private equity partners, global financial institutions and respected industry partners, as well as company management and staff, provide Kosmos with a robust financial foundation to acquire, explore, develop and produce oil and gas ventures.
African leaders selected Kosmos as one of the recipients of the 2008 Diamond Arrow Award, an annual honor bestowed by PMR.africa magazine and given to the most admired companies and institutions in Africa.