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Kosmos Expects TEN Project Production in Q3
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Kosmos Energy Ltd. has announced financial and operating results for the first quarter of 2016.
Highlights for the quarter ended March 31, 2016: Sold 1.9 million barrels of oil, net to Kosmos Progressed the TEN development project to approximately 90 percent complete and on budget with first oil expected in third quarter 2016 Completed drilling operations on the Guembeul-1 and Ahmeyim-2 wells, which increased our discovered resource and concluded our appraisal drilling of the Tortue West structure Concluded the semi-annual redetermination process for the reserves-based lending facility with less than a five percent change in borrowing capacity Production expense for the current quarter was $29 million, or $15.50 per barrel, versus $32 million, or $16.90 per barrel, in the first…- ✓ Full news archive — U.S., Canada & international coverage
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