Kosmos Energy Confirms Commercial Operations Date Reached for Golar's FLNG Gimi at Greater Tortue Ahmeyim

Business Wire

5 days ago

DALLAS--(BUSINESS WIRE)--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.
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