Kosmos Energy Flags Delays at Greater Tortue Ahmeyim Gas Project

By Jaime Llinares Taboada

Kosmos Energy Ltd. on Tuesday said that first gas from its Greater Tortue Ahmeyim project offshore Mauritania and Senegal is now expected in the third quarter of 2023 due to supplier delays and cost inflation.

The oil-and-gas company had said in February that the project, which is being developed in partnership with BP PLC, was on track for first gas in the first half of 2023.

Kosmos also said its net production averaged 52,000 oil-equivalent barrels a day in the second quarter, slightly below prior guidance due to lower production in Equatorial Guinea. Full-year production guidance remains unchanged at 53,000-57,000 barrels a day, with a year-end exit rate of around 60,000 barrels as new wells come online.

Sales volumes averaged 66,000 barrels a day in the second quarter, in line with guidance.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

July 06, 2021 03:12 ET (07:12 GMT)

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