Kosmos Energy oil and gas exploration summary
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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. The field now falls outside of our study period. 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 drilling in Mauritania and Senegal. A deal signed with BP will help monetise this gas and drive future value creation.
Table of contents
- Executive summary
-
Strategy
- Upstream strategy
- Exploration outlook
- Evolution of exploration strategy
- Other Kosmos Energy research
- Investment and costs
-
Exploration
- Well data
-
Reserves and resources
- Scope of this report
-
Production
- Production from new field discoveries as a proportion of all future production
-
Valuation
- Initial focus on Gulf of Guinea brought almost instant success
- Successful return to high-impact exploration offshore Mauritania and Senegal
- High profile wells fail to deliver in 2017/2018 but more wells to come
- Monetising giant gas reserves key to improving value creation
- A new wave of opportunity could help boost future value
Tables and charts
This report includes 23 images and tables including:
- Executive summary: Image 1
- Ten year performance summary
- Exploration & appraisal spend and reinvestment
- Exploration & appraisal spend by water depth
- Exploration & appraisal spend by basin maturity
- Discovery costs by water depth
- Full-cycle economics
- Strategy: Table 1
- Net active exploration acreage by water depth
- Net active exploration acreage by country
- Gross exploration & appraisal wells by basin and sector (2008-2017)
- Exploration wells drilled and spend per well
- Exploration success rates
- Discoveries (2008 to 2017)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production: Image 1
- Full cycle value creation by year
- Exploration returns by year
- Cost and development value by resource category
- Value creation by water depth
What's included
This report contains:
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