Ghana - Oil and Gas Development

Foundation for Growth and Upside

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.

Existing Production: Jubilee

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. The next phase of development, Phase 1A, is now underway with five wells currently on line. Average production is approximately 104,000 barrels of oil per day, and Jubilee partners are working to enhance field performance. Jubilee is a world-class, long-life production asset.

Additional Near-Term Developments

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 continuing appraisal activities for the discoveries at Mahogany, Teak, and Akasa (MTA) in order to determine the optimal development for these fields. These discoveries provide a defined outlook for growth for Kosmos and the country of Ghana.

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