Kosmos
Energy (NYSE: KOS) (LSE: KOS) announced today that it has completed
drilling the Anapai-1A exploration well located in Block 45 offshore
Suriname.
Anapai-1A was drilled to a total depth of 4,556 meters and was designed
to test lower Cretaceous reservoirs in a structural trap on the flank of
the basin. The prospect was fully tested, encountering high quality
reservoirs in the targeted zones, but did not find hydrocarbons. The
well is being plugged and abandoned.
Andrew G. Inglis, chairman and chief executive officer, said: “We are
still in the early stages of exploring this newly emerging basin and our
forward drilling program remains unchanged given the independent nature
of the prospects. The drillship will proceed as planned in the third
quarter to test Pontoenoe, the first of up to three independent
prospects in Block 42 offshore Suriname. Pontoenoe is a similar play
type to the Turbot and Longtail discoveries located approximately 70
kilometers to the west in Guyana.”
Kosmos holds rights in the Block 45 and Block 42 contract areas under
production sharing contracts with the Government of Suriname’s
Staatsolie Maatschappij Suriname N.V. (“Staatsolie”). Kosmos (50
percent) is the exploration operator of Block 45 and is joined by its
partner Chevron (NYSE: CVX) (50 percent). Kosmos (33.33 percent) is the
exploration operator of Block 42 and is joined by its partners Chevron
(NYSE: CVX) (33.33 percent) and Hess (NYSE: HES) (33.33 percent).
About Kosmos Energy
Kosmos is a well-capitalized, pure play deepwater oil and gas company
with growing production, a pipeline of development opportunities and a
balanced exploration portfolio along the Atlantic Margins. Our assets
include growing production offshore Ghana and Equatorial Guinea, a
competitively positioned Tortue gas project in Mauritania and Senegal
and a sustainable exploration program balanced between proven basins
(Equatorial Guinea), emerging basins (Mauritania, Senegal and Suriname)
and frontier basins (Cote d'Ivoire and Sao Tome and Principe). 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 2017 Corporate Responsibility
Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180625006363/en/
Copyright Business Wire 2018
Source: Business Wire
(June 26, 2018 - 2:00 AM EDT)
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