Kosmos Energy Provides Update on Maritime Boundary Arbitration Between Ghana and Côte d'Ivoire
September 23 2017 - 9:18AM
Business Wire
Kosmos Energy (NYSE:KOS) announced today that the Special
Chamber of the International Tribunal of the Law of the Sea (ITLOS)
has issued its final decision in the maritime boundary dispute
between the Governments of Ghana and Côte d'Ivoire. The maritime
boundary delimited by the Special Chamber’s decision has no impact
on the TEN field’s production or reserves or otherwise on the
company’s interests in Ghana. The TEN partnership expects to resume
TEN development drilling around the end of the year to ramp up
production with additional wells to the FPSO capacity of 80,000
barrels of oil per day.
About Kosmos Energy
Kosmos 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
development projects offshore Ghana, large discoveries offshore
Mauritania and Senegal, as well as exploration licenses with
significant hydrocarbon potential offshore Suriname, Sao Tome and
Principe, Morocco 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 2016 Corporate
Responsibility Report. Kosmos is listed on the New York Stock
Exchange and the London Stock Exchange, and is traded under
the ticker symbol KOS. 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170923005045/en/
Kosmos EnergyInvestor RelationsNeal Shah,
+1-214-445-9628nshah@kosmosenergy.comorRhys Williams,
+1-214-445-9693rwilliams@kosmosenergy.comorMedia
RelationsThomas Golembeski,
+1-214-445-9674tgolembeski@kosmosenergy.com
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