38 Kosmos opened a significant new hydrocarbon province when it discovered a large accumulation of natural gas under the deep waters offshore Mauritania and Senegal. Success was the result of applying the company’s proprietary knowledge of the overlooked Upper Cretaceous structural-stratigraphic play concept to the unique conditions of this region in which sands bypassed the continental shelf and deposited in deeper water. With successful wells in 2015 and 2016 at Tortue-1, Guembeul-1, and Ahmeyim-2, Kosmos completed its appraisal of the cross-border Tortue natural gas resource. The scale and quality of the gas field, and the exploration potential of the rest of the basin, attracted the attention of several major international oil companies who expressed their interest in partnering with us. Following a thorough farm-out process, BP was chosen as the right partner to help Kosmos advance the Tortue gas project at pace and take forward a multi-well exploration program that will benefit both Mauritania and Senegal. ECONOMIC AND SOCIAL BENEFITS Kosmos and BP are already working with the governments of Mauritania and Senegal on the first phase of the project to produce gas from the field. Both governments recognize the many benefits the gas discovery and project will bring over the long term. For example, LNG exports could make both countries valuable energy suppliers for many years to come, connecting them to important world markets and generating billions of dollars in revenues that could be invested in the development of other sectors – such as health, education, and infrastructure. The project could also make available a plentiful and competitively priced source of fuel to power the growth of electricity in Mauritania and Senegal, which over time would enable the creation and expansion of local industry, leading to direct and indirect job growth. In addition, the successful execution of such a large project would enhance the attractiveness of both countries for further international investment. The current development concept – which involves anchoring a floating liquefied natural gas facility on the maritime border between Mauritania and Senegal – will produce approximately eight trillion cubic feet, or about 225 billion cubic meters, of gas over 30 years. Once gas production begins, the benefits could be significant. A preliminary analysis by Wood Mackenzie, an internationally respected consultancy, suggests that over 30 years, this first phase of development could contribute nearly $29 billion in value added GDP to Mauritania and Senegal. Assuming government budget distributions remain in line with historical trends, that incremental GDP could build about 16,000 kilometers of roads, 60 hospitals, and 2,300 schools. These economic and social benefits would multiply with subsequent phases of TORTUE NATURAL GAS DEVELOPMENT OFFSHORE MAURITANIA AND SENEGAL Atlantic Ocean SENEGAL MAURITANIA CAYAR OFFSHORE PROFOND ST. LOUIS OFFSHORE PROFOND BLOCK C8 BLOCK C12 BLOCK C6 BLOCK C13 TORTUE GUEMBEUL-1 TORTUE-1 AHMEYIM-2 SENEGAL MAURITANIA