1、2018 ANNUAL REPORTON THE FOUNDATION OF ITS EXPLORATION SUCCESS,KOSMOS ENERGY HAS BUILT A FULL-CYCLE DEEPWATER EXPLORATION AND PRODUCTION COMPANY.TODAYS KOSMOS CREATES VALUE THROUGH AN EXPLORATION PORTFOLIO FILLED WITH INFRASTRUCTURE-LED AND BASIN-OPENING OPPORTUNITIES ALONG THE ATLANTIC MARGIN,A PIP
2、ELINE OF WORLD-SCALE DEVELOPMENT PROJECTS,AND A DIVERSIFIED AND GROWING PRODUCTION BASE.WE ARE PASSIONATE OIL AND GAS FINDERS,LEADING A STRONG COMPANY CAPABLE OF DELIVERING SHORT-,MEDIUM-AND LONG-TERM GROWTH.1Fellow Shareholders,ANDREW(ANDY)G.INGLISChairman and Chief Executive OfficerOver the last s
3、everal years,Kosmos Energy has built on its deep expertise in exploration and record of basin opening success by pursuing a strategy designed to grow the company over the short-,medium-and long-term,and deliver significant value to shareholders.In that time,we have expanded the ways we are creating
4、value through exploration by adding opportunities with a shorter time cycle to first production,discovered a world-scale gas resource that is now being developed,and diversified our production base.We have executed this strategy while maintaining the strength of our balance sheet,practicing rigorous
5、 financial discipline,and operating safely and efficiently.OUR EVOLUTION The pace of change has been significant.We recently completed two strategic acquisitions in Equatorial Guinea and the U.S.Gulf of Mexico that have created significant value.Together,these acquisitions have built a powerful new
6、platform for future growth through infrastructure-led exploration.In both transactions,we acquired high-margin,oil-weighted production assets,as well as prime exploration acreage around the existing infrastructure,enabling high-return,short-cycle subsea tie-back projects.This new avenue for short-te