4Q and Full Year 2017 Results & Strategy Update February 26, 2018 Strictly Private and Confidential
2017 A year of strong operational and strategic delivery Cashflow Strong operating performance: Net free cash flow of 320mm 230mm used for Equatorial Guinea acquisition 90mm of net debt reduction Balance Sheet Entering 2018 with…
Kosmos The Case for Investment Kosmos is positioned for the upturn: well-capitalized, pure-play deepwater company with growing production, a pipeline of development opportunities, and a balanced exploration portfolio To meet growing…
Kosmos: Stronger Portfolio, More Balanced Growth Leveraged the downturn to our advantage, built a balanced production, development and exploration portfolio 1. High-margin production assets delivering growth 40 operating cash margin…
Deepwater Now More Attractive Kosmos is ideally positioned as a pure deepwater company with a substantial portfolio of prospectivity to take advantage of lower costs and reduced competition Net Active Exploration Acreage North…
The Best Deepwater & Shale Companies Will Win High-quality deepwater assets can compete for capital with the best of shale; execution efficiency and quality of acreage matter to both Breakeven Price of Top Quartile Assets Global Oil…
Strong Reserve Base Delivering growing, high-margin production 7
Ghana: Big Fields Get Bigger Jubilee and TEN fields provide foundation of high-margin cash flow Jubilee & TEN Net Production1 High-margin barrels 35 Growing production into improving macro environment 30 Declining opex/bbl supports…
Equatorial Guinea: A Good Deal Gets Better Acquisition of high-margin production at Ceiba/Okume and capture of exploration blocks provides multiple avenues to create value with rapid paybackalready exceeding expectations 43 Strategic…
Equatorial Guinea: 2018 Work Program Activities focused on maximizing existing resource value and finding new resources, with 2018 work program enabling 2019 tie-back focused drilling Maximizing Value of Existing Resource1 Finding New…
Solid Reserve Base Underpins Company Value Big fields get bigger, good deals get better, delivering capital efficient resource expansion and value growth Ghana & EG 2P Reserves & Production (MMBoe)1 200 20 Growing reserve base…
Pipeline of World-Scale Developments Delivering sustainable cash flow for the long term 12
Greater Tortue: World-Scale, Fast-Track Gas Project Kosmos-BP partnership aligned to deliver low cost, highly competitive gas project on accelerated pace with room for expansion 15 Tcf gas resource World scale gas field underpins…
Greater Tortue: Cost Competitive LNG BP project team has made significant progress towards FID BP plan for 2.5 mmtpa first phase selected Innovative near-shore solution provides cost-competitive LNG and establishes infrastructure…
Sustainable and Balanced Exploration Portfolio Delivering Long-Term Growth 15
Top Quartile Exploration Performance Strategy and Execution Kosmos exploration strategy is being executed with discipline, creating a balanced portfolio which has delivered top quartile success and provides a sustainable drilling program…
Proven Basin Exploration Equatorial Guinea Nearfield exploration in the proven, but underexplored Rio Muni basin includes lower risk, short- cycle time, high-value, tie-back exploration opportunities to the Ceiba /Okume facilities…
Emerging Basin Exploration Mauritania / Senegal Giant gas resource base found at best-in-class metrics with significant remaining potential Exploration to date Two phases of exploration completed 7 prospects tested with a success rate…
Emerging Basin Exploration Suriname Extension of emerging oil petroleum system recently opened in Guyana, provides up to five independent plays and multi-billion barrel potential, with drilling to commence 2Q18 Multi-billion barrel…
Frontier Basin Exploration STP / CDI Executing frontier basin exploration strategy through the BP / KOS strategic alliance to provide new drilling opportunities in 2020 and beyond Re-entry into the Transform Margin and Gulf of Guinea…
Strong Financial Platform 21
Financial Strength To Execute Through Cycle Prudent balance sheet management has enabled strategy execution 2.0 120 Strategy targets self-funded business plan 1.5 100 Strong operating cash flow from producing assets 1.0 80 Liquidity :…
Kosmos: Stronger Portfolio, More Balanced Growth A balanced production, development, and exploration portfolio with multiple sources of upside 1. High-margin production assets delivering growth 2P reserves underpin current share…
Loading...
