1、POSITIVE ENERGY2014 ANNUA L R E P O RTKosmos Energy is proudly contrarian.We strive to be a first mover,not a follower.As a self-funded explorer,we target high-value,high-volume barrels in frontier and emerging basins.This strategy delivered world-class production and development assets in Ghana.Bui
2、lding on this success,we are now embarking on a second inning exploration campaign with multiple basin and play opening wells,testing several billion barrels of potential gross resource.With world-class assets that generate significant cash flow even in the current price environment,and a strong bal
3、ance sheet,we are well positioned to seize the opportunities provided by the oil and gas market and create value for our shareholders.RESERVES AND PRODUCTION GROWTH IN GHANAThrough strong reserves growth,we demonstrated the quality of our Ghana assets last year.We ended 2014 with total proved reserv
4、es of 75 million barrels of oil equivalent,up from 47 million barrels the year before,an impressive result that highlights the growth potential of our Ghana assets.The increase in reserves stemmed from continued strong performance at Jubilee field,as well as the initial booking of reserves from the
5、Tweneboa,Enyenra and Ntomme(TEN)development.Gross production at Jubilee averaged 102,000 barrels of oil per day sales throughout the year and,as a result,we lifted nine cargoes for the year net to Kosmos,slightly ahead of expectations.In November 2014,the Jubilee partnership connected the FPSO Kwame
6、 Nkrumah to the Ghana National Gas Companys onshore gas processing facility at Atuabo.This new infrastructure has enabled the Jubilee partners to ship natural gas to the facility.Once processed,gas is then transported to a Volta River Authority facility at Aboadze where it is used to generate electr