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Kosmos Ups Reserves to 76.4 MMBOE on Strong Ghana Production
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Kosmos Energy reported an operational and financial update in advance of releasing its fourth quarter 2015 results.
GhanaGross production volumes from the Jubilee field averaged approximately 106,000 barrels of oil per day (bopd) during the fourth quarter, and 102,500 bopd for the full year 2015. There were three liftings net to Kosmos during the fourth quarter, resulting in sales of 2.8 million barrels. Gas exports continued to increase during the fourth quarter averaging approximately 92 million cubic feet per day and exiting the quarter at more than 110 million cubic feet per day. The Greater Jubilee Full Field Development Plan, which includes the Mahogany and Teak fields, was submitted to the Government of Ghana in December 2015 and approval is expected in the first half of 2016. The…
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