Kosmos Energy

Kosmos Energy Ltd.
Public
Traded as KOS
Industry Oil and gas
Founders
  • James C. Musselman
  • Brian F. Maxted
  • W. Greg Dunlevy
  • Paul Dailly
Headquarters Dallas, Texas,United States[1]
Key people
 Andrew G. Inglis (chairman and CEO)
Brian F. Maxted (chief exploration officer)[2]
Products Exploration and production
Revenue Decrease US$385 million (2016)
Decrease US$-284 million (2016)
Total assets Increase US$3.34 billion (2016)[3]
Number of employees
 275[4]
Website www.kosmosenergy.com

Kosmos Energy is an American[5] international oil company founded and based in Dallas, Texas.[6] It also maintains offices in the Bermudas, Morocco, Suriname and Ghana. It has been involved in the discovery and development of the Jubilee oil field off the coast of Ghana.

Kosmos was a focus of the BBC documentary Storyville: Power, Money, Greed and Oil.[7]

From 19 December 2014, the company started a highly controversial oil drilling in the Cap Boujdour area off the coast of Western Sahara. The license is signed with the Moroccan state oil company ONHYM. The UN stated in 2002 that any further oil exploration in Western Sahara would be in violation of international law if it was not in accordance with the wishes of the people of the territory.[8] In an article from February 2015, former UN legal counsel Hans Corell stated that the ongoing exploration activities by Kosmos and Glencore is in violation of the legal opinion he wrote for the UN Security Council.[9]

On March 2, 2015 Kosmos Energy said it drilled dry at its CB-1 exploration well at the Cap Boujdour area.[10] Despite this, the company is planning for a second drill.[11]

On April 28, 2015 Kosmos Energy has made a significant gas discovery at its Tortue-1 development well in Block C-8, offshore Mauritania.[12] The well was drilled to test the Tortue West prospect, which forms part of the Greater Tortue complex. It was drilled to a 4,630m depth, where it encountered 107m of net hydrocarbon pay and a single gas pool in the primary Lower Cenomanian objective.

References

  1. ↑ "Office Locations". Retrieved Nov 20, 2013.
  2. ↑ "Kosmos Energy discovers gas offshore Mauritania". Offshore Energy Today. 27 April 2015. Retrieved 10 July 2017.
  3. ↑ "Form 10-K Kosmos Energy Ltd.". Securities and Exchange Commission. Retrieved 2 August 2017.
  4. ↑ "Kosmos" (PDF). Kosmos Energy. Retrieved 26 June 2017.
  5. ↑ http://www.linkedin.com/company/kosmos
  6. ↑ http://www.kosmosenergy.com/about-office-locations.php
  7. ↑ "Power, Money, Greed & Oil". BBC. Retrieved 24 June 2013.
  8. ↑ "Letter dated 29 January 2002 from the Under-Secretary-General for Legal Affairs" (PDF).
  9. ↑ "The Responsibility of the UN Security Council in the Case of Western Sahara". International Judicial Academy. Retrieved 29 March 2015.
  10. ↑ "Kosmos Energy drills dry in offshore Morocco". Petro Global News. Retrieved 2 March 2015.
  11. ↑ "Kosmos continues despite non-commercial find in Western Sahara". Western Sahara Resource Watch. Retrieved 29 March 2015.
  12. ↑ "Kosmos Energy discovers gas at Tortue-1 exploration well in Mauritania".


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