Transparency
At Kosmos Energy, we believe that transparency promotes more responsible management of resource revenues and helps to facilitate sustainable development in our host countries.
Kosmos has earned an industry reputation for our transparent engagement with host governments. We were the first U.S. oil and gas company to disclose project-level payments in 2014.
We support the principle of beneficial ownership transparency. As a publicly listed company, Kosmos discloses beneficial ownership details in our SEC filings as required by applicable regulations and NYSE listing requirements.
Payments to Governments
Kosmos has disclosed its payments to governments on a country-by-country and a project-level basis since 2014.
Our Payments to Government report is prepared in accordance with the UK’s Reports on Payments to Governments Regulations 2014 (as amended in December 2015), with some voluntary additional reporting that we believe provides helpful further detail or contextual information.
Please note that previous year’s reports’ data tables may not be comparable, either to each other or to this year’s tables. This is because our methodology for reporting payments to governments has been refined over time, including based on consultation with civil society and end users of the data.
Contract Transparency
Where it is legally possible and acceptable to our host governments, we make the material terms of our Petroleum Agreements (PAs) and Production Sharing Contracts (PSCs) publicly available.
Summaries of the key provisions of our various contracts with governments can be found here. The full text of our agreements can be found following the links below.
Equatorial Guinea
- Block EG-24: Production Sharing Contract and Deed of Assignment
Ghana
- West Cape Three Points: Petroleum Agreement (see 1st amendment)
- Deepwater Tano: Petroleum Agreement (see 1st amendment)
Gulf of America
Mauritania
- Block C8: Exploration and Production Contract
São Tomé and Príncipe
- Block 5: Production Sharing Contract and Deed of Assignment
Senegal
- Saint Louis Offshore Profond: Exploration and Production Sharing Contract and Deed of Transfer
Extractives Industries Transparency Initiative
Since 2012, Kosmos has been a Supporting Company of the Extractives Industries Transparency Initiative (EITI), a global standard that strengthens public and corporate governance of natural resources, promotes sound resource management, and provides data to promote transparency and accountability in the extractives sector.
