Kosmos Energy Ltd.
) is making steady inroads into Ghana, where its Plan of
Development (PoD) was recently approved for the
Tweneboa-Enyenra-Ntomme (TEN) discoveries.
Located in the Deepwater Tano Block, 60 kilometers (37 miles)
offshore Ghana and approximately 30 kilometers (18 miles) west of
the Jubilee Field, the TEN project would be a major expansion for
Kosmos and its co-venturers. Kosmos holds a 17% stake in the
Deepwater Tano Block. The company's co-venturers include Tullow
Oil plc as operator (47.18%),
Anadarko Petroleum Corporation
), Sabre Oil & Gas Holdings Ltd., a wholly owned subsidiary
of Petro SA (3.82%), and the Ghana National Petroleum Corporation
Kosmos expects the TEN project to deliver first oil in 2016,
with a plateau production rate of 80,000 barrels of oil per day.
Future development of gas resources at TEN is anticipated
following the commencement of oil start-up.
Development of TEN will include the drilling and completion of
up to 24 development wells, with half of the wells designed as
producers and the remainder for water and gas injection to
support ultimate field recoveries. The wells will be connected
through subsea infrastructure to a Floating, Production, Storage,
and Offloading (FPSO) vessel, moored in approximately 4,920 feet
Kosmos Energy Ltd. operates as an oil and gas exploration and
production company focused on under-explored regions in Africa.
The company is based in Hamilton, Bermuda. The company's asset
portfolio includes the existing production and other major
project developments offshore Ghana, as well as exploration
licenses with significant hydrocarbon potential offshore Ireland,
Mauritania, Morocco and Suriname and onshore Cameroon.
ANADARKO PETROL (APC): Free Stock Analysis
DAWSON GEOPHYS (DWSN): Free Stock Analysis
EXTERRAN HLDGS (EXH): Free Stock Analysis
KOSMOS ENERGY (KOS): Free Stock Analysis
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