Barclays CEO Energy-Power Conference September NYSE/LSE: KOS 2020 0 Strictly Private and Confidential
Kosmos: Creating the Leading Deepwater E&P Company Shaping the portfolio to deliver sustainable free cash flow and shareholder returns World Class Growing Conventional Assets FCF Generation Atlantic Margin, conventional deepwater…
Returns Focused Exploration Basins where Kosmos has deep technical knowledge and material acreage positions Leveraging differentiated exploration capabilities Value and Scale 1 2 3 Exploring in proven basins Infrastructure-led…
Delivering Value from Exploration Portfolio Focus Quality and scale of opportunities in proven basins driving decision to focus portfolio High-graded Portfolio Monetized Assets Proven Basins: Frontier Basins: U.S. Gulf of Mexico So…
Farm Out of Selected Exploration Assets to Shell Single transaction that monetizes certain frontier exploration assets while providing upside in the case of success Single transaction that monetizes certain frontier assets while…
Gulf of Mexico Proven Basin Exploration Basin where Kosmos has deep technical knowledge and material acreage position Gulf of Mexico 1 Billion barrel gross prospectivity Near field tie-backs through under-utilized third-party…
Gulf of Mexico Near Term Exploration Lower risk exploration with hub-scale potential and access to existing infrastructure Monarch Prospect High-graded, drill ready, Subsalt Upper Miocene prospect Multiple reservoir targets across…
Rio Muni Proven Basin Exploration Kosmos recent 3D seismic has unlocked material ILX and play extension potential Kosmos Pre-Stack Depth Migration seismic covering 10,000 square kilometers has unlocked deeper plays for the first time…
Short Cycle Oil Exploration Complements Long Term Gas Growth Tortue gas development expected to provide self-funded long-term source of free cash flow SUBSEA FPSO FLNG BREAKWATER 32% complete 43% complete 55% complete 36%…
Shaping the portfolio for the future Delivering sustainable free cash flow and shareholder returns Three oil production Tortue gas High-graded hubs delivering development proven basin free cash flow 40% complete exploration…
Appendix Strictly Private and Confidential
Summary of Shell Transaction Assets Shell is acquiring the following participating interests Namibia So Tom & Prncipe Block PEL0039 Block 6 / 25% (Technical operatorship of 1st well) Block 11 / 35% (Operatorship) 45%…
High-graded Exploration Program Focusing on proven-basins where we have a deep technical expertise: Lower risk, higher returns, faster payback Reducing cycle times: Low cost Value and Scale Faster payback, Lower carbon lower…