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Kosmos Energy oil and gas exploration summary

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26 September 2019

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. 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

  • Upstream strategy
  • Exploration outlook
  • Evolution of exploration strategy
  • Well data
  • Scope of this report
  • 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
  • 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 20 images and tables including:

  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Gross exploration & appraisal wells by basin and sector (2009-2018)
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Discoveries (2009 to 2018)
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries as a proportion of all future production
  • Full-cycle economics
  • 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:

  • Document

    Kosmos oil and gas exploration summary 2009-2018.xlsx

    XLSX 266.44 KB

  • Document

    Kosmos Energy oil and gas exploration summary

    PDF 960.52 KB

  • Document

    Kosmos Energy oil and gas exploration summary

    ZIP 1.09 MB

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