Early in its life, Kosmos identified the Tano Basin offshore Ghana as a potential premier hydrocarbon system. Previous industry drilling had failed to deliver significant success offshore Ghana. However, Kosmos’ vision and differentiated approach to exploration led to important discoveries and proved the overlooked Upper Cretaceous stratigraphic play concept.
Kosmos’ Jubilee discovery in 2007 was the company’s first major discovery and one of West Africa’s largest discoveries of the last two decades. First production from the initial development phase was in late 2010. Average production is approximately 100,000 barrels of oil per day, and Jubilee partners are working to enhance field performance. Jubilee is a world-class, long-life production asset.
Success at Jubilee led to a number of follow-on oil and gas-condensate discoveries on the West Cape Three Points and Deepwater Tano blocks. On the Deepwater Tano block, the company received approval for the Tweneboa, Enyenra, and Ntomme (TEN) Plan of Development, and first production is targeted for 2016. On the West Cape Three Points Block, Kosmos and partners are submitted the Greater Jubilee Full Field Development Plan and to the Ghanaian Ministry of Petroleum. Upon approval of the plan, the partnership will be able to start developing the Greater Jubilee area by connecting the Mahogany and Teak fields to the Jubilee floating production, storage and offloading vessel.