In December 2011, Kosmos secured a position offshore Suriname, marking our first portfolio expansion beyond Africa. This position provides an exciting opportunity to explore the Upper Cretaceous stratigraphic play type along the northeast margin of South America. Industry results in the same geographic region, the Suriname-Guyana Basin, have proven the potential for significant hydrocarbon discovery.
Kosmos holds a 50% working interest in Block 42 and Block 45 offshore Suriname. We signed a joint exploration agreement with Chevron in mid-2012 joining our expertise with Chevron’s industry-leading technologies to accelerate exploration. Our teams recently received final 3D seismic processing and are currently identifying leads and prospects.