Equatorial Guinea – Exploration and Production

Strategic Re-Entry into the Gulf of Guinea

In 2017, Kosmos expanded its already strong position in the Gulf of Guinea when it acquired an interest in three exploration licenses, as well as an interest in the adjacent Ceiba Field and Okume Complex production assets, offshore Equatorial Guinea.

The Ceiba and Okume Fields, which our team originally discovered and managed, provide low-cost, high-margin production with several identified opportunities for resource and value upside. These discoveries de-risked the key play elements in the basin, but limited exploration in subsequent years means Kosmos now has the chance to fully unlock the exploration potential of the Rio Muni Basin. Exploration blocks EG-21, S, and W provide exploration opportunities for large frontier prospects, as well as near-field short-cycle tie-backs through existing infrastructure with good fiscal terms.

Key Stats

Ceiba Field and Okume Complex

Acquired:
2017
Kosmos Energy
Net Effective
Participating Interest:
40.375%

Blocks EG-21, W and S

Acquired:
2017
Kosmos Energy
Net Effective
Participating Interest:
40.0%

 

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