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13 Pages

Kosmos Energy oil and gas exploration summary


Kosmos Energy oil and gas exploration summary

Report summary

Kosmos Energy was founded as a high-impact, frontier explorer in 2003. The company has carved out a niche focused on frontier deepwater exploration of the Atlantic Margin and was a ‘first mover' into Ghana, leading to the play-opening discovery of the Jubilee field in 2007. This high-impact discovery created excellent full-cycle value for the company, though subsequent discoveries have been more marginal. Exploration is central to Kosmos' strategy, and portfolio re-loading has opened new frontier exploration opportunities in a small number of countries. Since 2015, it has made a successful return to high-impact exploration, discovering over 25 tcf of gas offshore Mauritania and Senegal. The portfolio is unequivocally frontier, but focused on analogies or outreach extensions of existing, proven Cretaceous and salt basin plays. Future value creation is dependent on Kosmos' ability to commercialise existing discoveries and find other high-impact prospects.


What's included?

This report includes 2 file(s)

  • Kosmos Energy oil and gas exploration summary PDF - 482.40 KB 13 Pages, 5 Tables, 18 Figures
  • Kosmos Energy.xls XLS - 548.50 KB

Description

Affected by supply and demand, the economy of individual countries and technological breakthroughs, oil and gas exploration is an industry in constant motion. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Summary report quantifies the company's exploration volume and value performance over the past 10 years, and reviews its outlook for future success.

Businesses can use this report to get a detailed analysis of this company, what exploration areas they're involved in, what wells to watch and how well placed they are. It will help you understand company performance and shows how the best explorers have achieved their success.

Wood Mackenzie benchmarks exploration results for over 40 companies. Our analysts provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. We are the established global industry standard for oil and gas exploration performance.

  • Executive summary
    • Basins drilled and major discoveries 2006-2015
  • Strategy
    • Upstream strategy
    • Exploration strategy
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Scope of this report
  • Production
    • Production from new field discoveries
  • Valuation
    • Initial focus on Gulf of Guinea brought almost instant success
    • Successful return to high-impact exploration offshore Mauritania and Senegal
    • Giant discoveries, plus good contract terms, drive excellent economic performance

In this report there are 23 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
    • Ten year performance summary
  • Strategy
    • Strategy: Table 1
    • Net active exploration acreage by water depth
    • Net active exploration acreage by country
  • Investment and costs
    • Exploration & appraisal spend and reinvestment
    • Exploration & appraisal spend by water depth
    • Exploration & appraisal spend by basin maturity
    • Discovery costs by water depth
  • Exploration
    • Gross exploration & appraisal wells by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration success rates
  • Reserves and resources
    • Discoveries (2006 to 2015)
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production: Image 1
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year
    • Exploration returns by year
    • Value creation by reserve category
    • Value creation by water depth
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