MANAGING OUR FOOTPRINT In 2016, since we did not have any operations in Morocco, Kosmos focused on decommissioning our operations and equipping the port of Agadir to support industries other than oil and gas exploration. The decision to relinquish two of our licenses in Morocco also led us to rethink our presence in the country, and ultimately make the difficult decision to reduce staff in our Agadir and Rabat offices. Because it is never easy to take steps that impact the lives of employees and their families, we provided full severance benefits to help our colleagues move to the next phase of their careers. Although the closing of our operations base means we now have a smaller footprint in Morocco, we continue to have an office in Rabat. ENGAGEMENT AND LISTENING We have worked closely with the Office National des Hydrocarbures et des Mines (ONHYM) – Morocco’s national oil company – and other government stakeholders to increase awareness of international best practices regarding the management of hydrocarbon resources. By supporting capacity building activities early, we believe governments can be better prepared to manage the potential benefits of resource development more effectively. 48 Since entering Morocco, Kosmos has conducted several 3D seismic surveys and drilled one exploration well in the Foum Assaka block, which failed to encounter commercial hydrocarbons. Based on these drilling results and our other work in the area, we made the decision in 2016 to relinquish some of our acreage offshore Morocco. Kosmos currently holds the Essaouira Block and plans to acquire seismic data there in 2017. MOROCCO MAURITANIA MOROCCO ESSAOUIRA BLOCK Atlantic Ocean