REG - Kosmos Energy Ltd - GTA FLNG Commercial Operations Date Reached

Kosmos EnergyAnnouncement

Yesterday 11:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250623:nRSW9612Na&default-theme=true

RNS Number : 9612N  Kosmos Energy Limited  23 June 2025

KOSMOS ENERGY CONFIRMS COMMERCIAL OPERATIONS DATE REACHED FOR GOLAR'S FLNG
GIMI AT GREATER TORTUE AHMEYIM

 

DALLAS, Texas, June 23, 2025-- Kosmos Energy (NYSE/LSE: KOS) notes the
announcement by Golar LNG Limited ("Golar") that the FLNG Gimi has reached
Commercial Operations Date ("COD") for the 20-year Lease and Operate Agreement
with BP for the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and
Senegal.

 

The announcement of COD marks a significant milestone for the project
partners, as LNG production volumes have successfully been ramped up to a
level equivalent to the annual contracted volumes of approximately 2.4 million
tonnes per annum (mtpa), or around 90% of nameplate capacity of 2.7mtpa.

 

The achievement of COD follows first LNG in February and the first LNG cargo
in April. The second and third LNG cargo were exported in May and early June
respectively and a fourth cargo is currently loading. The fifth cargo is
expected at the start of the third quarter. With this expected cargo timing,
Kosmos forecasts 3.5 gross cargos in the second quarter.

 

Achieving COD and the recent ramp up in cargo lifting activity highlights
continued strong cooperation between the project partners and Golar.

 

About Kosmos Energy

 

Kosmos Energy is a leading deepwater exploration and production company
focused on meeting the world's growing demand for energy. We have diversified
oil and gas production from assets offshore Ghana, Equatorial Guinea,
Mauritania, Senegal and the Gulf of America. Additionally, in the proven
basins where we operate we are advancing high-quality development
opportunities, which have come from our exploration success. Kosmos is listed
on the NYSE and LSE and is traded under the ticker symbol KOS. 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 Sustainability Report. For additional information,
visit www.kosmosenergy.com.

 

Forward-Looking Statements

 

This 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.

 

###

 

Source: Kosmos Energy Ltd.

 

Investor Relations

Jamie Buckland

+44 (0) 203 954 2831

jbuckland@kosmosenergy.com

 

Media Relations

Thomas Golembeski

+1-214-445-9674

tgolembeski@kosmosenergy.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCFJMPTMTATMBA