Exploration & Production | Quarterly / Earnings Reports | Production | Fourth Quarter (4Q) Update | Reserves | Capital Markets | Private Equity Activity
Kosmos' Jubilee Field Hits 100,000 BO/d in 4Q
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Kosmos Energy Ltd. announced financial and operating results for the fourth quarter and full year 2014.
For the fourth quarter of 2014, the Company generated net income of $129 million, or $0.33 per diluted share. For the full year 2014, the Company reported net income of $279 million or $0.72 per diluted share. Excluding the impact of unrealized commodity derivatives, the Company generated net income of $114 million or $0.29 per diluted share for the full year 2014. In 2013, Kosmos reported net loss of $91 million or $0.24 per diluted share. Total oil revenues in 2014 were $856 million on nine oil liftings, net to Kosmos.
Highlights: Realized a net reserve replacement ratio of 336% Sold 2.4 million barrels of oil, net to Kosmos Commenced gas export from the Jubilee FPSO to the onshore…Finish this article — free account or subscription
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