b'Since discovering large deposits of natural gas offshore Mauritania in 2015, Kosmos has pursued a development strategy for this resource aimed at bringing benefits to the country as quickly and efficiently as possible. The benefits are expected to include revenue from the export of liquefied natural gas (LNG), the economic impact of reliable power generated from a plentiful and low-cost source of energy, and the significant follow-on benefits of industrial development.I n December 2018, Kosmos andFPSO to a floating liquefied naturalMANAGING OUR FOOTPRINTBP completed a 34-month effortgas (FLNG) facility at a nearshoreKosmos has been supporting BP to write and obtain approval ofhub located on the Mauritania andin its role as operator in managing the Greater Tortue Ahmeyim (GTA)Senegal maritime border. the footprint of all activities in Environmental and Social ImpactThe FLNG facility for Phase 1 isMauritania. Most notably, this Assessment (ESIA) and associateddesigned to provide approximatelyincludes preparations for entering Environmental Management2.5 million tons per annum onthe construction phase of the GTA Plan. There were numerousaverage. Production is expectedproject. As part of the transfer public consultations and inquiriesto begin in the first half of 2022.of operatorship, most Kosmos conducted in both Mauritania andSubsequent phases, which are nowemployees transitioned to BP at Senegal (more than 3,000 peoplebeing planned, are expected tothe end of 2017. Since then, we participated) and it is believedincrease output to around 10 MTPA. have hired a new Mauritanian to be the first time that bothcountry manager and support staff countries, with different regulatoryKosmos and BP estimate that there is 50-100 trillion cubic feet (Tcf)to maintain our employment of requirements, approved a single100% Mauritanian nationals in our study of a private-sector project. of gas in place offshore Mauritania and Senegal, enough to eventuallyNouakchott office.Following approval of the ESIA,support three 10 MTPA LNG hubsKosmos and BP announced a finalat Tortue on the maritime border, atENGAGEMENT AND LISTENINGinvestment decision (FID) for Phase 1Bir Allah to the north in Mauritania, of the GTA project. The GTA projectOur gas discoveries offshore and at Yakaar-Teranga to the southMauritania mean that we expect will produce gas from a deepwaterin Senegal.subsea system and mid-waterto have a presence in the country for many years to come. We want to be a welcome investor, both to our host governments and local communities. To achieve this goal, we build relationships with stakeholders through engagement and listening on all topics: the environment, transparency, our operations, capacity building and social investment projects, health and safety, and socioeconomic impacts.We are pleased to support the government of Mauritanias commitments to transparency. The Mauritanian Hydrocarbon Code of 2011 requires companies to publicly disclose the payments they make to government. In 2017, Kosmos served as a private sector member The first phase of the Greater Tortue Ahmeyim gas project is expected to take just seven years fromof Mauritanias EITI National discovery to first production, an industry-leading timeline. Committee.43'