Kosmos Energy Provides Update on Exploration Drilling Program Offshore Suriname
26 June 2018 - 4:00PM
Business Wire
Kosmos Energy (NYSE: KOS) (LSE: KOS) announced today that it has
completed drilling the Anapai-1A exploration well located in Block
45 offshore Suriname.
Anapai-1A was drilled to a total depth of 4,556 meters and was
designed to test lower Cretaceous reservoirs in a structural trap
on the flank of the basin. The prospect was fully tested,
encountering high quality reservoirs in the targeted zones, but did
not find hydrocarbons. The well is being plugged and abandoned.
Andrew G. Inglis, chairman and chief executive officer, said:
“We are still in the early stages of exploring this newly emerging
basin and our forward drilling program remains unchanged given the
independent nature of the prospects. The drillship will proceed as
planned in the third quarter to test Pontoenoe, the first of up to
three independent prospects in Block 42 offshore Suriname.
Pontoenoe is a similar play type to the Turbot and Longtail
discoveries located approximately 70 kilometers to the west in
Guyana.”
Kosmos holds rights in the Block 45 and Block 42 contract areas
under production sharing contracts with the Government of
Suriname’s Staatsolie Maatschappij Suriname N.V. (“Staatsolie”).
Kosmos (50 percent) is the exploration operator of Block 45 and is
joined by its partner Chevron (NYSE: CVX) (50 percent). Kosmos
(33.33 percent) is the exploration operator of Block 42 and is
joined by its partners Chevron (NYSE: CVX) (33.33 percent) and Hess
(NYSE: HES) (33.33 percent).
About Kosmos Energy
Kosmos is a well-capitalized, pure play deepwater oil and gas
company with growing production, a pipeline of development
opportunities and a balanced exploration portfolio along the
Atlantic Margins. Our assets include growing production offshore
Ghana and Equatorial Guinea, a competitively positioned Tortue gas
project in Mauritania and Senegal and a sustainable exploration
program balanced between proven basins (Equatorial Guinea),
emerging basins (Mauritania, Senegal and Suriname) and frontier
basins (Cote d'Ivoire and Sao Tome and Principe). As an ethical and
transparent company, Kosmos is committed to doing things the right
way. The company’s Business Principles articulate our commitment to
transparency, ethics, human rights, safety and the environment.
Read more about this commitment in the Kosmos 2017 Corporate
Responsibility Report. For additional information, visit
www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that Kosmos expects, believes or anticipates will or may occur in
the future are forward-looking statements. Kosmos’ estimates
and forward-looking statements are mainly based on its current
expectations and estimates of future events and trends, which
affect or may affect its businesses and operations. Although Kosmos
believes that these estimates and forward-looking statements are
based upon reasonable assumptions, they are subject to several
risks and uncertainties and are made in light of information
currently available to Kosmos. When used in this press release, the
words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will”
or other similar words are intended to identify forward-looking
statements. Such statements are subject to a number of assumptions,
risks and uncertainties, many of which are beyond the control of
Kosmos, which may cause actual results to differ materially from
those implied or expressed by the forward-looking statements.
Further information on such assumptions, risks and uncertainties is
available in Kosmos’ Securities and Exchange Commission (“SEC”)
filings. Kosmos undertakes no obligation and does not intend to
update or correct these forward-looking statements to reflect
events or circumstances occurring after the date of this press
release, except as required by applicable law. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20180625006363/en/
Kosmos EnergyInvestor RelationsJamie Buckland, +44 (0)
203 954 2831jbuckland@kosmosenergy.comorRhys Williams,
+1-214-445-9693rwilliams@kosmosenergy.comorMedia
RelationsThomas Golembeski,
+1-214-445-9674tgolembeski@kosmosenergy.com
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