Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50The TEN project, our second major oil development in Ghana, is now more than 90 percent complete and remains on schedule and within budget. We expect TEN to produce first oil in the third quarter of 2016. Ghana’s second FPSO, named the John Evans Atta Mills in honor of the late president who oversaw the beginning of oil production in the country, arrived on location in March 2016. By 2017, we anticipate significant growth from Ghana with the TEN project expected to increase our net production by nearly 50 percent over 2015. Safety and Environmental Performance Our active monitoring of safety and environmental compliance contributed to strong HSE performance in 2015. There were no Lost Time Incidents (LTI) for our West Cape Three Points operations throughout 2015. There was one LTI on the Jubilee field FPSO Kwame Nkrumah in 2015, and no LTIs on any other Jubilee operations. We continued to invest in safety training throughout the year, which helped sustain performance gains achieved in 2014. Gas to Power Kosmos continues to play an important role in promoting the use of natural gas to generate power. The Jubilee partnership supplied on average approximately 66 million cubic feet of gas each day in 2015 to the Ghana National Gas Company’s (GNGC) onshore processing facility at Atuabo and onward flow to the Aboadze power plant for fuel to generate electricity. Kosmos continues to work closely with its partners and government stakeholders to plan for and expand Ghana’s gas infrastructure to meet the country’s needs. ENGAGEMENT AND LISTENING As a long-term partner in Ghana, Kosmos regularly engages with a wide range of stakeholders, including government, local communities, contractors and suppliers, civil society, the media, and academia. We communicate regularly with these stakeholders to understand their concerns about the industry and share information that improves their knowledge of the oil and gas sector. Government of Ghana Beyond our day-to-day interactions with government on matters related to operation of West Cape Three Points and other business, we participated in key events as an industry representative at the government’s request. In October 2015, when the Economic Community of West African States (ECOWAS) held its first forum on extractive industries in Accra, Kosmos engaged as a key partner who had helped build Ghana’s oil and gas sector. The forum was designed to promote sustainable development and management of natural resources to meet the needs of current and future generations. Delegations from 15 ECOWAS member states attended, along with representatives from the public and private sectors. Local Communities While our legal license to operate is granted by national governments, we also seek to obtain the broad support of, and bring sustainable benefits to, the communities directly associated with our operations. The area directly onshore from the Jubilee field includes the six coastal districts of the Western Region of Ghana, where we have centered much of our local community engagement. We employ community liaison officers who live in the communities to ensure that we are in regular communication. During community meetings, we encourage community members to have an open dialogue with our company by visiting our offices, contacting us via email or phone calls, or using our grievance mechanism. Contractors and Suppliers We aim to maximize the participation of local suppliers in all of our operations to increase the benefits our business brings to host countries. In Ghana, where we have maintained an office since 2007, developing our local supplier base has been an important way for us to contribute to national economic and social development. For example, Kosmos and its partners have helped build the capabilities of a small Ghanaian waste management company, Zeal Environmental Technologies. The company has become a premiere environmental management company. The FPSO John Evans Atta Mills starts its long sail from Jurong Shipyard in Singapore to Ghana. Production from the Tweneboa, Enyenra and Ntomme fields is expected to begin in the third quarter of 2016. 19 19