4 to come, connecting them to important world markets and generating billions of dollars in revenues that could be invested in the development of other sectors – such as health, education, and infrastructure. Our FLNG project is also expected to make available a plentiful and competitively priced source of fuel to power the growth of electricity in Mauritania and Senegal, which over time could enable the creation and expansion of local industry, leading to significant direct and indirect job growth. And finally, the successful execution of such a large capital project will enhance the attractiveness of both countries for further international investment. Our aim is to help Mauritania and Senegal become destinations of choice for business.  With our FLNG project moving forward, there is a growing expectation that more local people and businesses will be hired. Kosmos intends to staff its international offices predominantly, or exclusively, with local nationals. In addition, we expect to work with our host governments to continue investing in people and their skills so there is a talented pool of qualified individuals ready to step into jobs as they are created. Our intention to do business in our host countries for the long term is reflected in our desire to build capacity so local people can play a major role in the development of the industry. •  Taking Leadership in Transparency to the Next Level – Being transparent in everything we do requires courage; it takes true commitment, but is the right thing to do. We have set a standard for transparent behavior by publishing our host government contracts, along with payments to governments at the project level and in aggregate. We are seeing constant demand from stakeholders around the world who want to better understand how the oil and gas industry works. Kosmos wants to go beyond the box-checking exercise of making information publicly available and increase its engagement with stakeholders at every level to ensure they have the depth of knowledge needed to hold governments and industry accountable for managing oil and gas revenues appropriately. I am confident that we can address these challenges and do so in an open and collaborative manner, working with host governments, local communities, and business partners to find mutually beneficial solutions. CONTINUING OUR JOURNEY TOGETHER Although this report is filled with many positive stories, we know our journey is far from complete. There is much more we can learn about our host nations. And there is much more we can – and will – do to continue being a force for good in the countries where we work. In the end, Kosmos is striving to be known as the company that took partnership seriously – listening carefully, looking after the country’s best interests, practicing humility, and investing in people to create a sustainable legacy. Andrew G. Inglis Chairman of the Board and Chief Executive Officer In 2016, Kosmos drilled exploration wells offshore Mauritania and Senegal.