Kosmos Energy Secures License Extensions and FPSO Acquisition in Ghana
Kosmos Energy has made significant progress in its West African assets, successfully drilling and completing the J-74 producer well in the Jubilee field, which is expected to produce over 10,000 barrels of oil per day. The addition of the J-74 well is projected to lift gross production at Jubilee to nearly 70,000 barrels of oil per day at the start of 2026, following a fourth-quarter 2025 average of 59,000 barrels of oil per day.
The partnership has also approved an additional five wells for the current year. In late December 2025, the Ghanaian Government approved licence extensions for the West Cape Three Points and Deep Water Tano petroleum agreements. Once ratified by parliament, these agreements will extend the production period for the Jubilee and TEN fields to 2040. The partnership also finalised terms to acquire the TEN floating production, storage, and offloading vessel at the end of its lease in 2027.
Kosmos noted this transition to partnership ownership is expected to significantly reduce operating costs and improve the company’s financial leverage in 2026. In Mauritania and Senegal, the Greater Tortue Ahmeyim liquefied natural gas project reached nameplate capacity in December 2025, with the floating LNG vessel achieving a peak production rate of approximately three million tonnes per annum.
Source: bairdmaritime.com
