Kosmos Energy releases update

Last Updated on Monday, 30 January 2012 11:47 Thursday, 26 January 2012 17:13

Written by Administrator

Kosmos Energy has released an update on its African interests

WCTP and DT Blocks offshore Ghana: On the West Cape Three Points Block, Kosmos anticipates significant near-term appraisal activities at the Teak discovery. The Teak-4A appraisal well is planned to commence late in the first quarter 2012. In addition, the company plans to perform a drill stem test and further appraisal drilling at Teak immediately following the Teak-4A well.

On the Deepwater Tano Block, the Enyenra-1 well, which was a redrill of the Owo-1 discovery well, was recently completed. A flow test at Enyenra-1 is underway to test field wide reservoir connectivity, with pressure gauges deployed in the Enyenra-2A and Enyenra-3A wells. Enyenra-3A (to the north) and Enyenra-2A (to the south) are approximately 14 km apart. Following the flow test, the Enyenra-4A well, which will be located an additional 6.8 km south of Enyenra-2A, will begin drilling. A declaration of commerciality and plan of development for the TEN project is expected to be submitted to the government of Ghana in the third quarter of 2012.

Kosmos Energy holds an 18 per cent interest in the Deepwater Tano Block and a 30.875 per cent operated interest in the West Cape Three Points Block offshore Ghana. The company's working interest in the Jubilee Unit is 24.1 per cent.

New ventures: Offshore Morocco, the company's planned 5,000 sq km 3D seismic data acquisition in the Agadir basin is progressing as planned. Approximately half of the data to be acquired covers the Essaouira Block with the remainder in the Foum Assaka Block. Of the Essaouira Block planned 3D, nearly 80 per cent has been performed to date.

The Foum Assaka planned 3D will immediately follow completion of the Essaouira 3D. The company anticipates full completion of its 3D programme in April 2012, followed by approximately six months for processing and interpretation.

Kosmos announced that it has negotiated a Production Sharing Contract for exploration on the Fako Block onshore Cameroon. The Fako Block, which borders the southeast portion of the company's Ndian River Block, covers approximately 1,290 sq km gross. Kosmos operates the Fako Block area with a 100 per cent working interest and a commitment to gravity and magnetics work in the initial exploration phase.