Kosmos’ position offshore Suriname provides an exciting opportunity to explore for the Upper Cretaceous stratigraphic play type along the northeast margin of South America. This nearly 3 million gross acre position in the Suriname-Guyana basin was the company's first portfolio expansion beyond the African continent. Recent industry results in the same geographic region have proven the potential for significant hydrocarbon discovery in the region.
In December 2011, Kosmos executed agreements over two deepwater oil and gas exploration blocks, Block 42 and 45, offshore Suriname. We signed a joint exploration agreement in mid 2012, bringing Chevron into this position to pursue this underexplored area more aggressively. Our teams recently completed a significant 3D seismic acquisition program over portions of our blocks, following preparation and approval of the environmental assessment. First drilling could take place as early as 2014.