West Africa: Kosmos cuts capex
Issue 318 - 25 Feb 2016
Kosmos Energy has announced a 2016 capital expenditure budget of $650m, a reduction of nearly 20% over 2015’s $780m. Some $200m of the total is expected to be spent in Ghana, primarily on the completion of the Tweneboa-Enyenra-Ntomme (TEN) project, where first oil is planned for Q3 this year. Announcing its Q4 and full-year results, Kosmos said it expected to spend $250m in Mauritania and Senegal related to the appraisal of the Ahmeyim discovery, the drilling of an oil test in Senegal, and the acquisition of additional seismic.
Want to read more?
(Access to one 401-800 word article)
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles, set up news alerts,
search our African Energy Live Data power projects database and view project locations on our interactive map