Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Barclays CEO Energy-Power Conference 2013
17 slides from Kosmos Energy's conference presentation, September 2013
Slide 1: Barclays CEO Energy-Power Conference
Barclays CEO Energy-Power Conference September 2013 JON CAPPON Investor Relations 214.445.9669 [email protected]
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation 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 presentation
Slide 3: A Successful Self-Funded Explorer
A Successful Self – Funded Explorer Asymmetric risk-reward investment opportunity • Upcoming Exposure to Game-Changing Exploration Potential – Executing our proven strategy and building a concentrated, company-making Atlantic Margin-focused portfolio with multi-billion barrel potential – Positioning
Slide 4: Our Business Strategy
Our Business Strategy A differentiated, focused approach for creating / maximizing shareholder returns through exploration success and follow-on development Business: Ireland Frontier / Emerging Basins Mauritania New Ventures Suriname Geography: Atlantic Margin Geology: Ghana Morocco Cretaceous Core
Slide 5: Focused Atlantic Margin Player
Focused Atlantic Margin Player World-class development / production asset in Ghana mitigates downside risk and provides growth platform for testing of transformational exploration reward • Building / Maturing the Exploration Portfolio – Successfully expanding themes and geographies to create super-m
Slide 6: Northwest Africa Petroleum Systems
Northwest Africa Petroleum Systems Morocco offers two ready – to – drill frontier basin opportunities • Two Large Potential Petroleum Systems – Offshore Agadir (North) and offshore Aaiun (South) basins – First mover advantage enabled strategic positions of choice and competitive fiscal terms – Each
Slide 7: Offshore Agadir Basin Petroleum System
Offshore Agadir Basin Petroleum System One of the last undrilled Salt Basins along the Atlantic Margin • An Unexplored Salt Basin – Evidence of a working petroleum system; with play diversity and prospect dependency – Multiple exploration wells planned; pre-salt and post-salt prospects to be tested
Slide 8: Offshore Aaiun Basin Petroleum System
Offshore Aaiun Basin Petroleum System One of the last undrilled Cretaceous Basins along the South Atlantic Margin • Game-Changing Exploration Potential – Unexplored Cretaceous Delta; similar in size to the Niger Fan – Evidence for a working petroleum system; with multiple independent play concepts /
Slide 9: Offshore Mauritania Petroleum System
Offshore Mauritania Petroleum System A second-cycle West Africa Transform Margin exploration opportunity • Upper Cretaceous Basin–Floor Fan – Significant untested potential down-dip of proven working petroleum system – 6,300 km 2D seismic program completed; with early seismic results very encouragin
Slide 10: Suriname – Guyana Petroleum System
Suriname – Guyana Petroleum System Expansion of our core geologic theme west across the Atlantic • Key Position in a Proven Basin – Down-dip of the producing Tambaredjo oil field – 2D / 3D seismic acquired; and seismic processing and interpretation ongoing – Attracted Chevron as industry partner B –
Slide 11: Ireland – Porcupine Basin
Ireland – Porcupine Basin Expansion of our core Cretaceous theme to the North Atlantic • Substantial Potential in a “Forgotten” Basin – Under-explored basin with evidence of a working petroleum system based on existing discoveries – Jurassic source rock proven – Potential Cretaceous source rock – No
Slide 12: Exploration Drilling Calendar
Exploration Drilling Calendar “Rifle-shot” exploration drilling with multiple petroleum system tests annually starting 2014 • Readying for Drilling Atwood Achiever – Atwood Achiever Drillship New-build 6th generation rig Three year contract finalized Scheduled delivery mid-2014 for drilling in Moroc
Slide 13: Ghana – Greater Jubilee Area Update
Ghana – Greater Jubilee Area Update Foundation of the Company and platform for future growth TIME • World-Class Jubilee Field – Outstanding reservoir and field performance PRODUCTION – Projected year-end production >120 mbopd – Multi-year production plateau anticipated ACTUAL POTENTIAL GHANA PRODUCT
Slide 14: Ghana – TEN Development Project
Ghana – TEN Development Project Second major oil development project in Ghana • TEN Area Plan of Development Approved – 80 mbopd FPSO-based phased development plan – Pmean ~360 mmboe, approximately 70% oil – Finalizing and awarding all major contracts – Flexible and expandable development scenario –
Slide 15: Robust Financial Capacity
Robust Financial Capacity Fully-funded going forward to execute all E, D & P operations • Liquidity(1) $1.2 Billion as of 2Q 2013 – Structured to capitalize on, and fund exploration success • Substantial Annual Cash Flows – Expect net sales of eight Jubilee cargoes in 2013 • Disciplined Investment P
Slide 16: Key Messages
Key Messages Moving ahead@ • We Delivered our Ghana Development / Production Asset – Achieved original Jubilee production plateau – Highly visible near-term and long-term reserves, production, and cash flow sustainability / increase through Jubilee FPSO de-bottlenecking and MTA tie-in; as well as th
Slide 17: Barclays Presentation September 2013
Barclays Presentation September 2013 17
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