b'TABLE OF CONTENTSUnless otherwise stated in this report, references to Kosmos, we, us or the company refer toKosmos Energy Ltd. and its subsidiaries. On December 28, 2018, we changed our jurisdiction ofincorporation from Bermuda to the State of Delaware, which we refer to herein as the Redomestication. Allreferences to Kosmos, we, us or the company on or before December 28, 2018 refer to KosmosEnergy Ltd., an exempted company incorporated pursuant to the laws of Bermuda, and its subsidiaries. Allsuch references after December 28, 2018 refer to Kosmos Energy Ltd., a Delaware corporation, and itssubsidiaries. In addition, all references to common stock on or before December 28, 2018 refer to thecommon shares of Kosmos Energy Ltd. prior to the Redomestication, and all such references afterDecember 28, 2028 refer to the common stock of Kosmos Energy Ltd. after the Redomestication. Foradditional detail, please see Item 1. BusinessCorporate Information.In addition, we have provided definitions for some of the industry terms used in this report in theGlossary and Selected Abbreviations beginning on page 3.PageGlossary and Selected Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Cautionary Statement Regarding Forward-Looking Statements . . . . . . . . . . . . . . . . . 7PART IItem 1. Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9Item 1A. Risk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42Item 1B. Unresolved Staff Comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69Item 2. Properties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69Item 3. Legal Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 69Item 4. Mine Safety Disclosures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70PART IIItem 5. Market for the Registrants Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 71Item 6. Selected Financial Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72Item 7. Managements Discussion and Analysis of Financial Condition and Results ofOperations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75Item 7A. Quantitative and Qualitative Disclosures About Market Risk . . . . . . . . . . . . . . . . . . 99Item 8. Financial Statements and Supplementary Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102Item 9. Changes in and Disagreements With Accountants on Accounting and FinancialDisclosure . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158Item 9A. Controls and Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158Item 9B. Other Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 159PART IIIItem 10. Directors, Executive Officers and Corporate Governance . . . . . . . . . . . . . . . . . . . . . 161Item 11. Executive Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161Item 12. Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161Item 13. Certain Relationships and Related Transactions, and Director Independence . . . . . . . 161Item 14. Principal Accounting Fees and Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161PART IVItem 15. Exhibits, Financial Statement Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 162Item 16. Form 10-K Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1662'