n all blocks. Offshore Blocks C8, C12 and C13 are located on the western margin of the Mauritania Salt Basin. The blocks are adjacent to a proven petroleum system with the primary targets being Cretaceous sediments in structural and stratigraphic traps. The company’s acreage is located outboard of the producing area in three licenses which vary in water depth from 1,500 to 3,000 meters. These blocks cover an aggregate area of approximately 6.6 million acres. In November 2013, the company completed a 3D seismic program of approximately 10,300 square kilometers over portions of Blocks C8 and C12. Morocco During 2011, the company acquired two new petroleum contracts, renewed an existing petroleum contract and acquired a new reconnaissance contract in Morocco. The company’s petroleum contracts include the Cap Boujdour Offshore block, the Essaouira Offshore block, the Foum Assaka Offshore block and the Tarhazoute Offshore block. The company is the operator of these petroleum contracts and its initial participating interests were 75%, 37.5%, 37.5% and 75% for the Cap Boujdour Offshore block, the Essaouira Offshore block, the Foum Assaka Offshore block and the Tarhazoute Offshore block, respectively. Suriname The company’s blocks in Suriname are located within the Guyana-Suriname Basin, along the Atlantic transform margin of northern South America. The company has petroleum contracts covering Block 42 and Block 45 offshore Suriname. In 2012, the company finalized the assignment of a 50% participating interest in Block 42 and Block 45 to Chevron Global Energy Inc. reducing its original interest from 100%. The company retains a 50% participating interest in the blocks. Business Strategy The company’s strategy includes the following elements: growing proved reserves and production through exploration, appraisal and development; opening and developing offshore exploration plays; applying technically-driven culture; focusing on optimally developing discoveries to initial production; and identifying, accessing and exploring emerging regions and hydrocarbon plays. History Kosmos Energy Ltd. was founded in 2003.
kosmos energy ltd
(KOS:New York Consolidated)
2 Church Street
Hamilton, HM 11
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