GEPetrol’s 20% carried interest will convert to a 20% participating interest. The petroleum contracts cover approximately 6,000 square kilometers, with a first exploration period of five years from the date of notification of ratification by the President of Equatorial Guinea. The first exploration period consists of two sub-periods of three and two years, respectively. The first exploration sub-period work program includes an approximately 6,000 square kilometer 3D seismic acquisition requirement across the blocks. Ghana Jubilee Kosmos and its partners have determined the preferred long-term solution to the turret bearing issue is to convert the FPSO to a permanently spread moored facility. The Jubilee turret remediation work is progressing as planned and the FPSO spread-mooring at its current heading was completed in February 2017. This allowed the tug boats previously required to hold the vessel on a fixed heading to be removed, significantly reducing the cost and complexity of the current operation. The next phase of the remediation work involves lifting and locking the main bearing. With regard to the turret remediation plan, the partnership is aligned on the engineering solution. This involves a shutdown to stabilize the turret bearing during the first quarter of 2018 followed by work to rotate the vessel to a new heading and permanently spread moor the vessel. The turret stabilization shutdown is being conducted in two phases, the first of which is complete and oil production is back online. The second phase is expected to commence around the end of the first quarter of 2018, and we anticipate the overall shutdown of oil production for both phases to be around four weeks. It is anticipated the gas system will be shut-in for slightly longer to complete non-turret related maintenance. We now expect the rotation of the vessel to take place around the end of 2018 with minimal impact to production in 2018. The financial impact of lower Jubilee production as well as the additional expenditures associated with the damage to the turret bearing is mitigated through a combination of the comprehensive Hull and Machinery insurance (‘‘H&M’’), procured by the operator, Tullow, on behalf of the Jubilee Unit partners, and the corporate Loss of Production Income (‘‘LOPI’’) insurance procured by Kosmos. Our LOPI coverage for this incident ended in May 2017 and final claim amounts have been approved and cash proceeds were received in August 2017. The Greater Jubilee Full Field Development Plan (‘‘GJFFDP’’) was resubmitted to the government of Ghana in September 2017 and subsequently approved in October 2017. This plan, which is expected to increase proved reserves and extend the field production profile, has been optimized to reduce overall capital expenditures to reflect the current oil price market. In November 2015, we signed the Jubilee Field Unit Expansion Agreement with our partners, which became effective upon approval of the GJFFDP, to allow for the development of the Mahogany and Teak discoveries through the Jubilee FPSO and infrastructure, thus reducing their development cost. Upon approval of the GJFFDP by the Ministry of Energy in October 2017, operatorship for the Mahogany and Teak discoveries transferred to Tullow. Kosmos continues to assist Tullow with the transition process, which is expected to extend into the first half of 2018. Tweneboa, Enyenra and Ntomme (‘‘TEN’’) In September 2017, the Special Chamber of the International Tribunal of the Sea (ITLOS) issued its final decision in the maritime boundary dispute between the Governments of Ghana and Cote d’Ivoire. The maritime boundary delimited by the Special Chamber’s decision has no impact on TEN production or reserves or otherwise on the company’s interests in Ghana. Production from TEN in the year ended December 31, 2017 averaged approximately 55,800 bopd which exceeded the operator’s 80