Kosmos Energy Announces Oil Discovery in the U.S. Gulf of Mexico
October 11 2023 - 2:00AM
Business Wire
Kosmos Energy (NYSE/LSE: KOS) announced today an oil discovery
in the U.S. Gulf of Mexico at the Tiberius exploration well. Kosmos
is operator of the well and has a 33.34% working interest alongside
Occidental and Equinor ASA (both 33.33%).
The Tiberius exploration well tested a four-way structural trap
in the outboard Wilcox trend, located in Keathley Canyon Block 964.
The well encountered approximately 250 feet (~75 meters) of net oil
pay in the primary Wilcox target. Wireline logging has been
completed and casing is currently being run to the target depth to
enable the well to be used as a future oil producer. The Tiberius
well is located in approximately 7,500 feet (2,300 meters) of water
and was drilled to a total vertical depth of approximately 25,800
feet (7,800 meters).
Kosmos will now undertake rock and fluid analysis to confirm the
production potential of the reservoir and will work with partners
on subsea development options. The discovery is located
approximately 6 miles southeast of the Occidental-operated Lucius
SPAR production facility, enabling a short tie-back in the event of
a development.
Andrew G. Inglis, Kosmos Energy’s chairman and chief executive
officer said: “Exploration success at Tiberius validates our proven
basin infrastructure-led exploration strategy, which is focused on
low cost, short cycle development opportunities. The Gulf of Mexico
is an advantaged basin with top quartile carbon emissions, and
discoveries like Tiberius can bring lower carbon U.S. supply to
meet near-term growing oil demand.”
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas
exploration and production company focused along the Atlantic
Margins. Our key assets include production offshore Ghana,
Equatorial Guinea and the U.S. Gulf of Mexico, as well as a
world-class gas development offshore Mauritania and Senegal. We
also maintain a sustainable proven basin exploration program in
Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. Kosmos is
listed on the New York Stock Exchange and London Stock Exchange and
is traded under the ticker symbol KOS. 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 Sustainability
Report. For additional information, visit www.kosmosenergy.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231010011087/en/
Investor Relations Jamie Buckland +44 (0) 203 954 2831
jbuckland@kosmosenergy.com
Media Relations Thomas Golembeski +1-214-445-9674
tgolembeski@kosmosenergy.com
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