January 2015. The company’s discovery in the Saint Louis Offshore Profond block offshore Senegal includes the Guembeul-1 exploration well, located in the northern part of the Saint Louis Offshore Profond license area in Senegal. The Guembeul-1 exploration well is located approximately five kilometers south of the Tortue-1 exploration well in Mauritania in approximately 2,700 meters of water and was drilled to a total depth of 5,245 meters. The company has 60.0% participating interest in the Guembeul discovery. Suriname The company is the operator for petroleum contracts covering Block 42 and Block 45 offshore Suriname, which are located within the Guyana-Suriname Basin, along the Atlantic transform margin of northern South America. The company has a 50% participating interest in the Block 42 and Block 45. During 2012, the company completed a 3D seismic data acquisition program, which covered approximately 3,900 square kilometers over portions of Block 42 and Block 45 offshore Suriname. In 2013, the company completed a 2D seismic program of approximately 1,400 line kilometers over a portion of Block 42, outside of the existing 3D seismic survey. The processing of the seismic data was completed during 2014. In December 2015, it received an extension of Phase 1 of the Exploration Period for Block 42 offshore Suriname. Morocco (including Western Sahara) The company’s petroleum contracts in Morocco include the Cap Boujdour Offshore block, which is within the Aaiun Basin; and the Essaouira Offshore block, the Foum Assaka Offshore block, and the Tarhazoute Offshore block, which are within the Agadir Basin. The company is the operator of these petroleum contracts. Aaiun Basin: During 2014, the company conducted a new 3D seismic survey of approximately 5,100 kilometers over the Cap Boujdour Offshore block. The processing of this seismic data is expected to be completed in 2015. Drilling of the CB-1 exploration well on the Cap Boujdour Offshore block was completed in March 2015. The well penetrated approximately 14 meters of net gas and condensate pay in clastic reservoirs over a gross hydrocarbon bearing interval of approximately 500 meters. Agadir Basin: The company completed interpretation of approximately 7,800 square kilometers of new and reprocessed 3D seismic data in its Foum Assaka Offshore and Essaouira Offshore blocks. During 2014, the company conducted a 3D seismic data acquisition program of approximately 4,300 square kilometers over the Tarhazoute Offshore and Essaouira Offshore blocks. The processing of this seismic data was completed in late 2015. During 2014, the company drilled the FA-1 exploration well in the Foum Assaka Offshore block. Portugal In March 2015, the company closed a farm-in agreement to acquire a non-operated interest in the Camarao, Ameijoa, Mexilhao and Ostra blocks offshore Portugal. These blocks cover an area of approximately 3.0 million acres in water depths ranging from approximately 200 to 3,200 meters. During 2015, the company conducted a 3D seismic survey of approximately 3,200 square kilometers over the Camarao block. The processing of this seismic data is expected to be completed in 2016. Sao Tome and Principe During the fourth quarter of 2015 and in January 2016, the company acquired acreage in Blocks 5, 6 and 11 offshore Sao Tome and Principe in the Gulf of Guinea. The company is the operator and has an 85% participating interest in Block 11; Equator Exploration Limited, an affiliate of Oando Energy Resources, is the operator of Block 5; and Galp Energia Sao Tome E Principe, Unipessoal, LDA, a wholly owned subsidiary of Petrogal, S.A., is the operator of Block 6. These blocks cover an area of approximately 4.2 million acres in water depth ranging from 2,250 to 3,000 meters. The company has approximately 1,250 line kilometers of 2D seismic covering portions of its blocks; and has identified various leads in its Sao Tome and Principe acreage. Business Strategy The company’s strategy is to grow proved reserves and production through exploration, appraisal and development; successfully open and develop its offshore exploration plays; apply its ent
kosmos energy ltd (KOS:New York)
2 Church Street
Hamilton, HM 11
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