Kosmos Energy Ltd. · NYSE:KOS
Kosmos Energy — Investor Presentation (November 2012)
25 slides from Kosmos Energy's investor presentation, November 2012
Slide 1: Investor Presentation
Investor Presentation November 2012 BRAD WHITMARSH Investor Relations 214.445.9772 [email protected] Strictly Private and Confidential
Slide 2: A Differentiated Investment Opportunity
A Differentiated Investment Opportunity Delivering value through exploration and development success • Proven Strategy of Finding and Exploiting New Petroleum Systems – Excellent track record of exploration discovery – Industry-leading development success • Significant, De-risked Production and Rese
Slide 3: Proven Business Strategy
Proven Business Strategy Find and develop large quantities of high-value barrels Investor Presentation November 2012 3
Slide 4: High Quality, Oil-Levered Portfolio
High Quality, Oil-Levered Portfolio Growth-focused asset base with Big E upside • Opened Tano Basin (Ghana) With World-Class Discoveries – Originator of the Upper Cretaceous stratigraphic play in West Africa – Jubilee discovery de-risked follow-on prospects – Expanding Ghana production with addition
Slide 5: Tano Basin Petroleum System - Ghana
Tano Basin Petroleum System - Ghana Foundation of the Company and platform for future growth • Industry-leading Success at Jubilee – Significantly improved Phase 1 productivity – Implementing the next development phase (Phase 1A) – Ramping up to facility capacity of 120 MBpd, gross • Progressing Add
Slide 6: Jubilee: Tano Basin-Opening Discovery
Jubilee: Tano Basin-Opening Discovery World-class find and landmark development • Discovery Mid-2007, First Oil Late 2010 • Strong Reservoir and Field Performance – 600 MMBoe +, dependent on ultimate recovery – High per-well deliverability – Field-wide pressure support confirmed – Generating strong
Slide 7: Growing Production to Facility Capacity
Growing Production to Facility Capacity Near-term production upside from Jubilee • Enhancing Phase 1 Deliverability – Detailed diagnostic work identified cause and effective solution – 5 acid treatments performed - resolved localized flow restriction – Significantly increased well productivity – Red
Slide 8: Second Major Offshore Project
Second Major Offshore Project Near-term development for TEN oil fields • Appraisal Program Complete – Substantial Enyenra and Ntomme oil discoveries – Strong oil flow test rates – High-quality reservoir characteristics – Pmean 360 MMBoe for TEN fields with approximately 70% oil • Finalizing FPSO Des
Slide 9: Ongoing Appraisal of WCTP Discoveries
Ongoing Appraisal of WCTP Discoveries Significant crude oil and natural gas found in multiple fields • Refining Resource Estimates – Mahogany oil discovery – Teak oil and gas condensate discovery – Akasa light oil discovery – Multiple reservoirs, pools distributed stratigraphically and geographicall
Slide 10: 2012 Exploration Upside in Ghana
2012 Exploration Upside in Ghana Testing material unrisked potential to Kosmos Okure – Turonian-aged interval beneath Enyenra – Stratigraphy intersected in Enyenra-2A – Pmean 250 MMBoe + – Results expected 4Q12 Wawa Discovery Sapele – Oil and gas-condensate – Downdip and analogous – Turonian-aged re
Slide 11: Expanding Exploration Portfolio
Expanding Exploration Portfolio Increasing opportunity set to open petroleum systems • Accelerating Inventory Build – Ongoing identification and evaluation of new basins with significant hydrocarbon potential – Capturing strategic positions and operatorship • Recent Acreage Adds in Suriname, Maurita
Slide 12: Focused Themes and Geographies
Focused Themes and Geographies Driven by technical strengths and core competencies • Petroleum System Approach – Existing theme, existing geography (Ghana, Mauritania, Morocco) – Existing theme, new geography (Suriname) – New theme, same geography (Cameroon) – New theme, new geography (Morocco) • Mu
Slide 13: Rio Del Rey Petroleum System
Rio Del Rey Petroleum System Cameroon – near-term drilling opportunity • Extension of a Proven Offshore Play – Deepwater Tertiary trend onshore – Analogous to >1BBoe Alba oil and natural gas condensate field offshore • Built Substantial Acreage Position – 720 K gross acres – 100% WI, operated by KOS
Slide 14: Sipo Prospect Onshore Cameroon
Sipo Prospect Onshore Cameroon 150 MMBoe mean unrisked potential with first operated well • Sipo Planned to Start Late 2012 – Toe-thrust anticline prospect – Results anticipated in 1Q13 – Proven oil shows in nearby location • Preparing Well Location for Drilling – Minimizing onshore footprint – Heli
Slide 15: Multiple New Petroleum Systems
Multiple New Petroleum Systems Morocco – overlooked frontier opportunity with huge potential • Substantial Acreage Position – 13.7 MM gross acres operated by KOS – Equivalent to over 2,300 GOM blocks • Aggressively Advancing Plans – Recent 3D data acquisition in Agadir Basin – Expanded Agadir Basin
Slide 16: Agadir Basin Petroleum System
Agadir Basin Petroleum System Morocco – progressing for potential 2013 drilling • Highly Prospective Position Captured – 6.4 MM acres operated by KOS • Combination of Exploration Concepts – Proven source rock and reservoir quality – Mid slope to basin floor fan reservoirs B A – Cretaceous turbidites
Slide 17: Aaiun Basin Petroleum System
Aaiun Basin Petroleum System Cap Boujdour – multi-billion barrel potential • Substantial, Frontier Basin – 7.3 MM gross acres operated by KOS • Multiple Plays and Fairways – Unexplored deepwater compressional anticline trend – Upper and Lower Cretaceous targets with 3 independent play fairways • Mul
Slide 18: Suriname – Guyana Petroleum System
Suriname – Guyana Petroleum System Suriname – expansion of African Transform theme across the Atlantic • Premier Position in Proven Basin – 2.8 MM gross acres operated by KOS – Same petroleum system as industry discovery in French Guiana – Joint agreement with Chevron • Significant 3D Seismic Progra
Slide 19: Offshore Mauritania Petroleum System
Offshore Mauritania Petroleum System Mauritania – core geologic theme in the same geography • Substantial Deepwater Potential – 6.7MM gross acres operated by KOS – Untested play down-dip in the proven Mauritania salt basin • Upper Cretaceous Stratigraphic/ Structural Play – Plans for 2D and 3D seism
Slide 20: Catalyst-Rich Exploration Opportunity Set
Catalyst-Rich Exploration Opportunity Set Multiple new basin tests annually beginning late 2012 Investor Presentation November 2012 20
Slide 21: 2012 Capital Program
2012 Capital Program Maximizing current assets and opening new petroleum systems • Focused Development Investments – Implementing Phase 1A at Jubilee – Pre-development for TEN project • Significant Exploration & Appraisal Activity – Multiple appraisal wells drilled on Ghana discoveries – 4 high-impa
Slide 22: Strong Financial Capacity
Strong Financial Capacity Fully funded to execute forward exploration and development • Conservative Capital Structure with ($ in m illions) Sep 2012 Liquidity of Approximately $840 Million as of end of October 2012(1) Cash and cash equivalents $ 400 Restricted cash $ 51 • Strong and Growing Cash Fl
Slide 23: Exciting Future for Kosmos
Exciting Future for Kosmos Creating, maximizing, and delivering value for shareholders • Long-life Plateau Production at Jubilee • Progressing Next Developments – Multiple discoveries on WCTP and DT – Second FPSO Project at TEN • Executing Near-term Drilling Catalysts – New discovery at Wawa – 2 add
Slide 24: 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 25: Investor Presentation November 2012
Investor Presentation November 2012 25
Kosmos Energy — Investor Presentation (November 2012) on 6ix