Kosmos Energy Share Discussion Threads

[fraserdean] 13/6/2024 09:43

Methinks Sintana has a strong interest in talking it up...
Someone will have to buy them out or fund them one way or another, no way they can raise the cash themselves.
Old chuckles at Total was very dismissive of Galp giving out a 10 Bn bbl figure after only two wells but we shall see.

[cashandcard] 12/6/2024 21:36

Yes indeed.From Upstream;"The battle to buy a big part of Galp Energia's mighty Mopane oil and gas discovery offshore Namibia is hotting up, with all the big beasts of the Western upstream world said to be assessing options. At stake is entry into a discovery that Upstream has been told recently may hold substantially more in-place resources than even the 10 billion barrels of oil equivalent revealed by the operator in April. Adding to the intrigue is speculation that a minority partner in Galp's sought-after acreage may also be open to offers.Mopane was discovered in January in Petroleum Exploration Licence 83, located just west of BW Energy's Kudu gas discovery. An appraisal well was drilled quickly, before Galp returned to Mopane-1X to carry out a production test that flowed at an impressive rate of 14,000 barrels of oil equivalent per day. Good news about the reservoir characteristics came thick and fast, with the operator reporting good porosities, high pressures, high permeabilities and large hydrocarbon columns, with fluid samples indicating very low oil viscosity with minimal impurities.As a result, when Galp said it was open to offloading half of its 80% stake in PEL 83, it lit the touchpaper for what is set to be one of the most competitive farm-in opportunities of recent years. Last month, Bloomberg reported that offers are due to be submitted in mid-June, with ExxonMobil, Shell, TotalEnergies and Equinor among the potential bidders for a discovery valued at about $20 billion. However, in recent weeks, some other serious contenders are believed to have shown their colours, including Chevron, Azule Energy, Woodside Energy - all existing Orange basin players - as well as Brazil's Petrobras.""Woodside is also said to be interested, because Galp's acreage is located directly south of PEL 87 over which the Australian player has still not exercised a farm-in option. Exploration sources spoken to by Upstream said that some companies wanting to visit Galp's data rooms are unlikely to submit bids because they are more interested in gleaning geological and geophysical information on Mopane that could inform their own exploration initiatives in the Orange basin.""Galp's two Mopane probes, 1X and 2X, intercepted three distinct reservoirs, only one of which was tested, with the Lisbon-based player reluctant to say whether the 10 billion boe resource figure applies to all the reservoirs or not. However, Upstream was advised recently by a source with knowledge of the drilling programme that the resource estimate applies only to the main AVO 1 reservoir found at both well locations. The AVO 2 and AVO 3 reservoirs are said to be "independent discoveries that will require further appraisal to establish their size". AVO 1 is believed to extend "far beyond" the Mopane 1X and 2X locations, with some of Galp's exploration team understood to be talking about resources of 12 billion boe for this reservoir. The informed source said the operator was, until recently, carrying internal resource estimates for AVO 2 and AVO 3 of at least 1 billion boe each."It's crazy stuff," remarked the well-watcher, who added that the "most exciting part is Galp clearly has the amplitude variations absolutely nailed on in calibration". Another exploration source cautioned that Mopane may have more gas than originally thought which could complicate any development and potentially jeopardise plans for a fast-track project. Asked about the PEL 83 farm-out process, a Galp spokesperson declined to comment, while Custos could not be reached for comment. Chevron, Eni, Petrobras, Shell and TotalEnergies also declined to comment. Azule, Equinor, ExxonMobil and Woodside had not responded to Upstream inquiries by the time of publishing."

[xxnjr] 12/6/2024 17:53

Apparently some chatter to Upstream from people who might be in a position to know, that Mopane may be even larger than currently thought.

[xxnjr] 24/5/2024 11:11

upstream "TotalEnergies ready to start drilling Africa exploration well targeting billion-barrel prospect. Semi-submersible has arrived on location offshore Congo-Brazzaville....."

Sintana up again.

[xxnjr] 21/5/2024 19:56

Thx both.
(was wondering why Sintana was up 22%!)

[cashandcard] 21/5/2024 18:57

Big move at Sintana Energy today. BNN article - bidders preparing to make first round of bids in Mid June for 40% of GALPs Mopane oilfield block. Companies named include Exxon Shell Total and Equinor.Cash

[fraserdean] 21/5/2024 13:56

Think there's an exploration well and infill drilling going on.

[xxnjr] 21/5/2024 07:28

Both Total rigs are now offshore Point Noire, DRC

[xxnjr] 15/5/2024 17:06

It's found its way. Aided by the 4 Posh Tugs. Good gig for the tugs. Been over a year now. GIMI also safely in its concrete silo. Now comes the tricky bit. Getting all the kit to work. Anyone got a match?

[fraserdean] 07/5/2024 13:46

Mmmm let's hope the FPSO can make it from the Canaries without getting lost or crashing, probably find it sunk off fiji in a few weeks.

[xxnjr] 07/5/2024 06:28

Good to see some progress on Tortue

Commenting on the Company's first quarter 2024 performance, Chairman and Chief Executive Officer Andrew G. Inglis said: "Kosmos has had an active start to the year, continuing the operational and financial momentum we saw in 2023. Operationally, we've brought four new wells online at Jubilee and first oil at Winterfell is expected shortly, both important milestones for the Company as we target 50% production growth from the second half of 2022 to year-end 2024. We've also seen significant progress at Tortue with the FLNG arriving on location, completion of the deepwater pipelay and the FPSO en route to the project site. In Equatorial Guinea, we're pleased to have secured a high quality rig for the infill and ILX campaign later this year. We are also advancing our next set of growth projects, securing long lead items for Tiberius and a two-year license extension granted for Yakaar-Teranga.

[cashandcard] 03/5/2024 19:51

xxnjr,Agree, all the key stuff gone.Cash

[xxnjr] 03/5/2024 18:19

Yeah, interesting Cash. That's Namibia Orange basin basically sewn up isn't it? Anyone who's missed out might well be eyeing up the Walvis Basin now.....

[cashandcard] 03/5/2024 15:15

https://www.upstreamonline.com/exploration/bp-and-eni-strike-deal-to-barrel-into-namibia-s-prolific-orange-basin/2-1-1638258PEL85 - Operator Rhino ResourcesThe license just south of the GALP/Sintana Mopane oilfield.BP & ENI farming in via their joint-venture Azule Energy.Cash

[fraserdean] 30/4/2024 15:05

Nice work Sherlock!

Galp drilling another four wells adn Woodside making a decision by June. A lot of snake oil salesmen in Windhoek.

[xxnjr] 30/4/2024 08:56

Probably Point Noire, DRC

“.....As a long-term partner of the Republic of Congo, TotalEnergies remains fully committed to the country through our increased stake and operatorship in Moho field, and is preparing for the drilling of an exploration well on the Marine XX license before summer 2024.”

Will give Total some time to process and analyse the new seismic acquired in Namibia. I presume the Mira will be staying on to drill another Venus pre-development/appraisal well.

[xxnjr] 29/4/2024 22:57

Tungsten Explorer is headed in the direction of Gulf of Guinea from Walvis Bay. "Offshore PNR". Any clues?

[cashandcard] 29/4/2024 12:57

Yep, PEL82, where HRT recovered light oil from the Wingat 1 well all those years ago. This is an important entry into the Walvis basin by a global major. It pretty much guarantees a drillrig will be here over next 18-24months. Possibly sooner.Once again, Sintana really unlocking the future for its shareholders. The real value add here is the relationship between Robert Bose and his team with Knowledge-Katti/Custos, bringing Knowledge Katti onto Sintana's board was a very good move. Because KK and Custos are hand in hand with Namcor and its stated strategy for the Country. Cash

[fraserdean] 29/4/2024 09:43

Looks like Sintana have done well again, pulled Chevron into the Walvis Basin block now.

[xxnjr] 29/4/2024 06:41

DALLAS, Texas, April 29, 2024 - Kosmos Energy (NYSE/LSE: KOS) ("Kosmos" or the "Company") announced today that it has successfully re-financed its reserve-based lending ("RBL") facility extending the maturity by approximately three years, with the RBL facility's final maturity now in December 2029......

......Neal Shah, Chief Financial Officer, said "Re-financing the RBL facility is another important step to optimize Kosmos' capital structure and proactively address our debt maturities. With the re-financing of the RBL and the recent convertible bond issuance, we have no maturities until 2026 and lower interest expense going forward. We thank our bank group for their continued support as we grow the company."

[xxnjr] 28/4/2024 14:19

Patrick P is already suggesting 3 FPSO's for (presumably) Venus.

150 to 180 Kbopd FPSO's typically require 500 to 600 mmbo to develop. So we would seem to be heading towards the top end of the oft-mentioned "2 bn barrels for Venus" already!