1、DELIVERING SUSTAINABLE GROWTH2016 ANNUAL REPORTWITH OUR GHANA ASSETS GENERATING FREE CASH FLOW,MAJOR GAS DISCOVERIES OFFSHORE MAURITANIA AND SENEGAL,AN INDUSTRY-LEADING EXPLORATION PROGRAM,AND THE RIGHT STRATEGIC PARTNERSHIPS,KOSMOS ENERGY IS WELL-POSITIONED TO DELIVER SUSTAINABLE GROWTH.While many
2、companies and investors have shifted their focus in recent years,Kosmos has always believed conventional deepwater exploration can deliver superior returns that create long-term value for shareholders.F E L L O WS H A R E H O L D E R SANDREW(ANDY)G.INGLISChairman of the Board and Chief Executive Off
3、icerOur fundamental strategy of capturing significant acreage positions with high working interests and finding large resource volumes with good fiscal terms,which worked so successfully in Ghana,continues to work today when executed with discipline.In our 14-year history,we have drilled just six fr
4、ontier exploration wells,opening two new basins for a success rate of 1-in-3 versus the industry standard of 1-in-10,which positions Kosmos as a leader in international frontier exploration.MAURITANIA-SENEGAL:A WORLD-CLASS BASINThe Mauritania-Senegal basin,which we opened in 2015 and continue to exp
5、lore,is potentially the largest new petroleum system on the Atlantic Margin,offering a combination of substantial discovered and delineated resource,as well as significant de-risked exploration upside.To date,we have discovered a gross Pmean resource of approximately 25 trillion cubic feet of natura
6、l gas and de-risked an additional 25 trillion cubic feet.In 2016,this combination of discovered resource and de-risked potential attracted the attention of several supermajors.Following a thorough process,BP emerged as the right strategic partner to help Kosmos advance the Tortue gas project at pace