Kosmos Energy Operational Update
Kosmos EnergyKosmos Energy

Kosmos Energy Operational Update

Kosmos Energy has provided an operational update on its production, development and exploration activities. This is in advance of the Company’s

Kosmos Energy has provided an operational update on its production, development and exploration activities. This is in advance of the Company’s second quarter results, which are scheduled for release on August 9, 2021.

Operational Update

Sales volumes in the second quarter averaged around 66,000 barrels of oil equivalent per day with 4.5 cargos lifted, in line with guidance. Total net production in the second quarter averaged approximately 52,000 boepd, slightly below prior guidance primarily due to lower production in Equatorial Guinea. Full year company production guidance of 53,000-57,000 boepd is unchanged with a year-end exit rate of approximately 60,000 boepd expected as new wells come online.

Ghana

In Ghana, performance in the quarter was strong with gross production of approximately 106,000 barrels of oil per day (bopd) in the second quarter (22,000 bopd net) including 71,000 bopd at Jubilee and 35,000 bopd at TEN. The first two wells in our four-well campaign have been drilled and the rig has now begun completion operations. The first Jubilee producer well (J-56P) is expected online shortly and the Jubilee injector well (J-55W) is expected online later in the third quarter. These wells are expected to add gross production of around 15,000-20,000 bopd. The rig is then scheduled to drill and complete a TEN gas injector well and a second Jubilee producer well later in the year with the Jubilee producer well expected online around the end of the year. The reliability of the Ghana production facilities continues to improve, with uptime of the Jubilee and TEN floating production, storage and offtake vessels (FPSOs) averaging about 98% year-to-date. Consistently high levels of water injection (>200,000 barrels/day) and gas offtake from the Government of Ghana (>110 mmscf/day) are helping to optimize reservoir performance at Jubilee, which is expected to support long-term production levels.

Equatorial Guinea

In Equatorial Guinea, gross production averaged around 29,000 bopd in the second quarter with significant downtime related to facilities upgrades which are now substantially complete. Net production was 9,400 bopd, also impacted by lower entitlement as a result of higher oil prices. The drilling rig arrived in late June and has started drilling the first of three infill wells planned for 2021. Once online, these wells are expected to add gross production of around 4,000 bopd.

US Gulf of Mexico

In the US Gulf of Mexico, net production averaged around 20,300 boepd in the second quarter, in line with the first quarter. In April, the Kodiak-3 infill well was brought online with one of two zones intermittently producing. We are currently working with our partners to evaluate the best intervention options to enhance production from the first zone and enable production from the second zone. In June, the operator announced the successful drilling of the Tornado-5 infill well, with results consistent with expectations. The well is expected to add around 8,000-10,000 boepd gross with planned start-up in the third quarter. Earlier in the year, Kosmos and its partners made the Winterfell discovery in the US Gulf of Mexico with the first appraisal well planned for the third quarter. Kosmos also plans to drill the Zora infrastructure-led exploration well early in the third quarter and a rig has been contracted for this activity.

Mauritania & Senegal

The Greater Tortue Ahmeyim liquified natural gas (LNG) project has made steady progress year-to-date with the following milestones achieved in the second quarter

Floating LNG vessel: The four remaining sponsons have been integrated in the final dry dock

FPSO: The living quarters have been installed

Breakwater: Five caissons have now been transported offshore with the first caisson installed

Subsea: All subsea trees have been constructed

No stories found.
SteelGuru Business News
www.steelguru.com