Kosmos Energy Releases 2013 Corporate Responsibility Report
Report Highlights Key Performance Data and Narratives from Kosmos’ Operations
Around the World
DALLAS -- May 29, 2014
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) today announced the release of its
2013 Corporate Responsibility Report outlining its non-financial performance
and its actions to promote economic, social and environmental sustainability.
“At Kosmos, corporate responsibility is a core part of our strategy for
becoming a partner of choice,” said Andrew G. Inglis, Kosmos’ chairman and
chief executive officer. “We recognize that we must be as good above ground as
we are exploring below it to earn the respect and trust of our host
governments, the communities where we operate, and other stakeholders whose
lives may be affected by our work.”
Kosmos set an ambitious agenda for its 2013 corporate responsibility program,
pledging to strengthen its policy framework, improve governance, and manage
human rights. By sharing performance data and real-life examples from Kosmos’
operations around the world, the report highlights the company’s progress in
these and other key areas.
Highlighted performance and initiatives throughout 2013 include:
*Deepening our commitment to protecting human rights by joining the United
Nations Global Compact, adopting the United Nations Guiding Principles on
Business and Human Rights as a touchstone for measuring performance, and
beginning the implementation of the Voluntary Principles on Security and
*Entering into a Joint Declaration of Principles with the Office National
des Hydrocarbures et des Mines (“ONHYM”), on behalf of the Government of
Morocco, setting out our joint commitments regarding our exploration
activities in the Cap Boujdour block offshore Western Sahara and the key
principles under which hydrocarbon development would proceed, if any
commercially viable deposits are discovered;
*Introducing and implementing our Business Principles into our day-to-day
*Continuing with our social investment program in Cameroon in spite of
discontinuing our exploration operations in the country.
More information about the 2013 Corporate Responsibility Report, the company’s
Business Principles, and Kosmos’ commitment to being a force for good can be
found at www.kosmosenergy.com.
This is the company’s second Corporate Responsibility Report following on from
its inaugural 2012 report published in May 2013. Kosmos plans to continue
reporting on its environmental and social performance annually.
About Kosmos Energy
Kosmos Energy is a leading independent oil and gas exploration and production
company focused on frontier and emerging areas along the Atlantic Margin. Our
assets include existing production and other major development projects
offshore Ghana, as well as exploration licenses with significant hydrocarbon
potential offshore Ireland, Mauritania, Morocco, Suriname, and Western Sahara.
As an ethical and transparent company, Kosmos is committed to doing things the
right way. The company’s Business Principles articulate our commitment to
transparency, ethics, human rights, safety and the environment. Read more
about this commitment in the Kosmos 2013 Corporate Responsibility Report.
Kosmos is listed on the New York Stock Exchange and is traded under the ticker
symbol KOS. For additional information, visit www.kosmosenergy.com.
This press release contains forward-looking statements within the meaning of
Section27A of the Securities Act of 1933 and Section21E of the Securities
Exchange Act of 1934. All statements, other than statements of historical
facts, included in this press release that address activities, events or
developments that Kosmos expects, believes or anticipates will or may occur in
the future are forward-looking statements.Kosmos’ estimates and
forward-looking statements are mainly based on its current expectations and
estimates of future events and trends, which affect or may affect its
businesses and operations. Although Kosmos believes that these estimates and
forward-looking statements are based upon reasonable assumptions, they are
subject to several risks and uncertainties and are made in light of
information currently available to Kosmos. When used in this press release,
the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other
similar words are intended to identify forward-looking statements. Such
statements are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of Kosmos, which may cause actual results
to differ materially from those implied or expressed by the forward-looking
statements. Further information on such assumptions, risks and uncertainties
is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings.
Kosmos undertakes no obligation and does not intend to update or correct these
forward-looking statements to reflect events or circumstances occurring after
the date of this press release, except as required by applicable law. You are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary statement.
Kosmos Energy Ltd.
Jon Cappon, +1-214-445-9669
Thomas Golembeski, +1-214-445-9674
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