Kosmos Energy Reports Successful Jubilee Well Completion and LNG Output Ramp-Up

Kosmos Energy Ltd. has provided an operational and financial update. In Ghana, the company received government approval for license extensions for its West Cape Three Points and Deep Water Tano Petroleum Agreements, covering the Jubilee and TEN fields. These agreements, now submitted to parliament for ratification, will extend to 2040. Starting July 2036, the Ghana National Petroleum Corporation’s share in the fields will increase by 10%, with joint venture partners’ shares decreasing pro rata. The Jubilee plan of development has been amended to include up to 20 additional wells, and Kosmos expects an increase in 2P reserves as a result. Operationally, the second producer well (J-74) in the 2025-2026 Jubilee field development campaign has been drilled and completed, with production expected to exceed 10,000 barrels of oil per day. This is anticipated to bring Jubilee’s production to nearly 70,000 barrels per day at the start of 2026. During the fourth quarter of 2025, gross Jubilee production averaged approximately 59,000 barrels per day, with a base decline of about 5% quarter over quarter. The partnership has approved five additional wells for 2026. Financially, Kosmos has submitted a borrowing notice for a $100 million draw on the second tranche of its Gulf of America Term Facility and issued a notice of redemption for its remaining 2026 unsecured notes, with redemption expected on January 13, 2026. The company is also preparing to refinance its 2027 debt maturities, and its reserve-based lending banks have agreed to a waiver allowing new secured financing, subject to final legal documentation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kosmos Energy Ltd. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260104753406) on January 05, 2026, and is solely responsible for the information contained therein.