Kosmos Energy Ltd (KOS) 2019年年度报告「NYSE」.pdf

1、2019ANNUAL REPORTMAURITANIASENEGALSURINAMEGHANACTE DIVOIRESO TOM&PRNCIPEEQUATORIAL GUINEANAMIBIASOUTH AFRICAU.S.GULF OF MEXICOKOSMOS ENERGY IS A FULL-CYCLE EXPLORATION AND PRODUCTION COMPANY WITH A DIVERSIFIED PRODUCTION BASE,WORLD-CLASS DEVELOPMENT PROJECTS,AND VALUE CREATION OPPORTUNITIES THROUGH

2、INFRASTRUCTURE-LED AND BASIN-OPENING EXPLORATION.AS A RESPONSIBLE COMPANY,WE ARE WORKING TO SUPPLY THE ENERGY THE WORLD NEEDS TODAY,FIND AND DEVELOP CLEANER ENERGY TO ADVANCE THE ENERGY TRANSITION,AND BE A FORCE FOR GOOD IN OUR HOST COUNTRIES.2019 was another year of marked progress for Kosmos Energ

3、y,demonstrated by disciplined execution and strong performance across the business.The company generated approximately$250 million of free cash flow,which enabled us to reduce our leverage in line with our strategy of protecting the balance sheet and generating free cash flow for our shareholders.We

4、 ended the year with approximately$825 million in liquidity,no near-term debt maturities,and a solid hedging position aimed at protecting the company from volatile oil prices.CHALLENGING 2020As I write this note,our company,our industry,the financial markets,and indeed the entire world are navigatin

5、g unprecedented times.The restrictive measures required to deal with the spread of COVID-19(coronavirus)have created a very challenging environment for both Kosmos and our industry.As we plot our course through these challenges,Kosmos benefits from owning conventional assets that remain strong,with

6、low cash costs and maintenance capital expenditures.Our reserve base is also strong with greater than 100%reserve replacement over the past seven years.We have a diverse portfolio of reliable producing assets in Ghana,Equatorial Guinea,and Gulf of Mexico,as well as expected future gas production in