Kosmos Energy Finishes Drilling Requin Tigre-1 Exploration Well Offshore Senegal
February 05 2018 - 1:00AM
Business Wire
Kosmos Energy (NYSE/LSE: KOS) announced today that it has
completed drilling the Requin Tigre-1 exploration well located in
Senegal’s Saint Louis Offshore Profond block.
Requin Tigre-1 was drilled to a total depth of 5,200 meters and
was designed to evaluate Cenomanian and Albian reservoirs in a
structural-stratigraphic trap, charged from an underlying
Neocomian-Valanginian source kitchen. The prospect was fully tested
but did not encounter hydrocarbons. Post-well analysis is currently
ongoing to determine the reasons it was unsuccessful. The
exploration insights from the well, together with our existing
knowledge will provide competitive advantage, and meaningfully
advance our working understanding of the deepwater Cretaceous
petroleum systems offshore Mauritania and Senegal where we believe
there is substantial remaining prospectivity in the Company’s large
acreage position.
Andrew G. Inglis, chairman and chief executive officer, said:
“With each exploration well drilled, we deepen our understanding of
this newly emerging basin, further refining our geologic model and
geophysical tools. Requin Tigre was the last well in our second
phase of exploration of the deepwater Cretaceous petroleum systems
offshore Mauritania and Senegal targeting large basin floor fan
structures. We have delivered one success (Yakaar) in four wells in
this second phase program, following three successes in three wells
(Tortue, Marsouin, Teranga) in the first phase program targeting
inboard structures on the slope. Overall we have discovered gross
resource of 40 trillion cubic feet, at a net cost of $0.20 per
barrel of oil equivalent benefiting from the partner carry, and
have created the potential for two world scale LNG hubs. We will
rigorously evaluate our large inventory of prospects across
Mauritania and Senegal ahead of the next phase of exploration
offshore the two countries.”
Kosmos was fully carried on the cost of the Requin Tigre
well.
The drillship will proceed as planned to test two oil prospects
offshore Suriname commencing in early second quarter 2018.
Kosmos holds an effective 30% participating interest in the
Saint Louis Offshore Profond license. BP holds a 60% participating
interest. The national oil company Société des Pétroles du Sénégal
(Petrosen) holds 10%.
About Kosmos EnergyKosmos 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 and
Equatorial Guinea, large discoveries offshore Mauritania and
Senegal, as well as exploration licenses with significant
hydrocarbon potential offshore Suriname, Sao Tome and Principe,
Equatorial Guinea, 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. For additional information, visit
www.kosmosenergy.com.
Forward-Looking StatementsThis 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/20180204005079/en/
Kosmos EnergyInvestor RelationsJamie Buckland, +44
(0) 203 954 2831jbuckland@kosmosenergy.comorRhys Williams,
+1-214-445-9693rwilliams@kosmosenergy.comorMedia
RelationsThomas Golembeski,
+1-214-445-9674tgolembeski@kosmosenergy.com
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