Kosmos Energy Eyes Doubling Production by Year-End 2024

Expansion in Ghana, Equatorial Guinea, Senegal Supports Growth Goals

by Adenike Adeodun

Kosmos Energy, a prominent player in the global energy sector, has set an ambitious target to double its production capacity by the end of 2024. With significant operational milestones already achieved in key regions such as Ghana, Equatorial Guinea, and the Senegal/Mauritania border, the company is well on its way to fulfilling this goal.

In Ghana, Kosmos has made substantial advancements with the successful commissioning of four wells at the Jubilee Field within the first four months of 2024. This includes one water injector well and three producer wells, which have significantly boosted the company’s production capacity. The company anticipates another water injector well to be operational by the end of the second quarter, completing the planned drilling campaign six months ahead of schedule. Additionally, Kosmos has secured an 18-month extension on its interim gas sales agreement for the Jubilee-associated gas project. As of the first quarter of 2024, oil production in Ghana averaged 43,800 barrels per day (bpd), with gas production at Jubilee reaching 6,100 bpd equivalent and 18,600 bpd equivalent at the TEN field.

In Equatorial Guinea, the company has contracted the Noble Venturer rig for drilling operations. Scheduled to arrive in mid-2024, this rig will facilitate the drilling of two infill wells in Block G and the exploration of the Akeng Deep ILX project in Block S. By the year’s end, Kosmos expects the new infill wells to contribute an additional 3,000 bpd to its production totals, with results from the Akeng Deep well anticipated by year-end.

The Greater Tortue Ahmeyim (GTA) project, straddling the maritime border between Senegal and Mauritania, is progressing as planned, with the first LNG production expected by the fourth quarter of 2024. All four wells at the GTA project site have been successfully drilled and completed. The construction of the hub terminal is finished, and the FLNG vessel will arrive on-site in the first quarter of 2024. Subsequent subsea work, including flowline installation and final connection, is nearing completion. The FPSO’s fair leads inspection and repair are concluded, with the vessel set to reach the project site by the third quarter of 2024.

Moreover, Kosmos is collaborating with Senegal’s National Oil Company, Petrosen, on pre-FEED work for the Yakaar-Teranga gas project off the coast of Senegal. This partnership aims to develop cost-competitive gas solutions for the local market and establish an offshore LNG facility for exports. Kosmos plans to reduce its working interest in the project to between 25%-33% while maintaining its role as the operator.

In Mauritania, although the license for the BirAllah gas project expired in April 2024, Kosmos continues to engage with the government to explore new gas opportunities across the nation.

Under the leadership of Chairman and CEO Andrew G. Inglis, Kosmos Energy is not just focused on increasing production but also on contributing positively to the economies of its operating regions. The planned production increase is expected to have substantial economic impacts, enhancing local energy capacities and providing more stable energy supplies.

These efforts reflect Kosmos Energy’s commitment to growth and efficiency, supported by strategic planning and timely execution of its projects across Africa. As the company moves towards its production target for the year-end, these developments signify Kosmos’s potential to reshape the energy landscapes of its key markets and affirm its position as a leader in the energy sector.

Source: Energy Capital & Power

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