Kosmos Energy

What Kosmos Energy does

Kosmos Energy is a publicly traded deepwater oil and gas exploration and production company founded in 2003 and headquartered in Dallas, Texas, listed on the NYSE and LSE under ticker KOS. The company specializes in frontier and emerging Atlantic Margin basins, holding working interests in the Jubilee Field (38.61%) and TEN Fields (20.38%) offshore Ghana, the Greater Tortue Ahmeyim (GTA) LNG project on the Mauritania-Senegal maritime border, and a portfolio of operated and non-operated assets in the U.S. Gulf of America. Kosmos completed the sale of its Equatorial Guinea interests (Ceiba and Okume Complex) to Panoro Energy in June 2026, and retains exploration acreage in São Tomé and Príncipe. Core technology centers on deepwater FPSO operations, subsea production systems, and floating LNG (FLNG), with the GTA project using a deepwater subsea system feeding a mid-water FPSO for gas processing before pipeline transport to an FLNG facility with ~2.7 mtpa nameplate capacity.

The company monetizes hydrocarbons through direct sales of crude oil, natural gas, and LNG under long-term agreements with national oil companies (GNPC, Petrosen), IOC partners (BP, Tullow, Shell, Occidental, TotalEnergies), and international commodity traders. Pricing is fully market-linked to Brent, Henry Hub, and LNG indices, with hedging applied at the volume level (e.g., 2 million barrels of 2027 hedged at a $60 floor). Domestic gas from Jubilee and TEN is supplied to Ghana's power sector at approximately 25% of national gas-fired power demand, while GTA LNG is exported globally. Q1 2026 revenue was approximately $371M and Q1 production reached a record ~74,800 boepd, with FY2026 guidance targeting ~15% production growth and >20% operating cost reduction. Revenue is commodity-price exposed and reflects the cyclicality of upstream E&P economics, with the company pursuing debt reduction (10-20% targeted in 2026) alongside capital reinvestment in Ghana, Mauritania-Senegal, and the U.S. Gulf of America.

Name

Kosmos Energy

Legal name

Kosmos Energy Ltd.

Website

https://kosmosenergy.com

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

251–500 employees

Short description

Kosmos Energy is a Dallas-based, publicly traded deepwater oil and gas exploration and production company producing crude oil, natural gas, and LNG from assets in Ghana, Mauritania/Senegal, and the U.S. Gulf of America for export markets and West African power utilities.

Ownership category

akta.pro rank

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Technology or R&D, Others

Revenue model

1. Oil and Gas Production Sales: Kosmos generates revenue primarily from the sale of crude oil, natural gas, and LNG produced from its deepwater offshore assets in Ghana (Jubilee, TEN fields), Mauritania/Senegal (GTA LNG), Gulf of America, and Equatorial Guinea (until the sale completed in June 2026). Revenue is commodity-price exposed and sold under long-term agreements to international oil companies, traders, and domestic off-takers. The company reported Q1 2026 revenue of ~$371 million and Q4 2025 revenue of ~$296.5 million, though it has reported net losses in recent periods.
2. LNG Export Sales: Revenue from LNG produced at the Greater Tortue Ahmeyim project (Phase 1 in production), exported to global LNG customers. First LNG cargo exported April 2025. GTA Phase 1 operates at ~2.9 mtpa above nameplate.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Kosmos Energy is a deepwater exploration and production company that discovers, develops, and produces crude oil, natural gas, and LNG from offshore reservoirs. Its producing assets include the Jubilee and TEN fields in Ghana, the Greater Tortue Ahmeyim LNG project offshore Mauritania/Senegal, and a portfolio of Gulf of America leases (including Winterfell and Tiberius). Crude oil, natural gas, and LNG cargoes are sold under long-term and spot offtake agreements to international energy traders, LNG buyers, and domestic power utilities in host countries.

Product overview

Kosmos Energy is a deepwater exploration and production company with diversified oil and gas production and value creation opportunities from exploration in proven basins. The company's core portfolio consists of producing assets including the Jubilee Oil Field (38.61% WI) and TEN Fields (20.38% WI) in Ghana, the Greater Tortue Ahmeyim LNG project in Mauritania and Senegal, and production assets in the Gulf of America. Exploration holdings include blocks in Equatorial Guinea and São Tomé and Príncipe. The company produces crude oil, natural gas, and LNG for global export while supplying domestic gas to West African nations. The GTA Phase 1 LNG project produces approximately 2.7 million tonnes per annum. Kosmos also operates social investment programs through the Kosmos Innovation Center supporting entrepreneurs in agricultural transformation across its host countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Jubilee Oil Field Deepwater oil and gas field offshore Ghana in which Kosmos holds a 38.61% working interest; gross production exceeds 70,000 barrels of oil per day, with gas also supplied to Ghana's domestic power sector.
• TEN Fields (Tweneboa, Enyenra, Ntomme) Deepwater oil and gas-condensate development offshore Ghana in which Kosmos holds a 20.38% working interest, producing through an FPSO vessel.
• Greater Tortue Ahmeyim (GTA) LNG Project World-scale deepwater floating LNG project on the Mauritania-Senegal maritime border, where Kosmos holds a significant non-operated interest; Phase 1 produces approximately 2.7 million tonnes per annum of LNG for global export and planned domestic supply.
• Gulf of America Production Assets Operated and non-operated deepwater oil and gas assets in the U.S. Gulf of America including Barataria, Kodiak, Odd Job, South Santa Cruz, Tiberius, Big Bend, Danny, Gladden, Tornado, Marmalard, and Winterfell.
• Yakaar-Teranga Gas Project Deepwater gas development offshore Senegal being progressed toward final investment decision in partnership with Petrosen to support domestic and regional gas demand.
• Tiberius Development Oil development project in the Gulf of America taken to FID in March 2026 in partnership with Occidental, targeting first oil in H2 2028.

Quantifiable outcome

• Record Q1 2026 production of ~74,800 boepd, up 25% year-over-year
• +8 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered minor and core.

• OccidentalminorStrategic or Co-development Partner · 1 March 2026Occidental is Kosmos's partner in the Tiberius development project in the Gulf of America, where Kosmos took final investment decision in March 2026 targeting first oil in H2 2028.
• Panoro EnergyminorStrategic or Co-development Partner · 24 February 2026Kosmos sold its 40.375% non-operating working interest in the Ceiba Field and Okume Complex production assets in Block G offshore Equatorial Guinea to Panoro Energy for $180M upfront plus up to $39.5M in contingent payments. The transaction completed June 16, 2026. Kosmos retains exposure to future upside from contingent payments.
• Shell (Strategic Alliance — Norphlet)minorStrategic or Co-development Partner · 1 February 2026Shell and Kosmos formed a strategic alliance in February 2026 for exploration in the Norphlet trend of the U.S. Gulf of America, with alignment on ten blocks. Kosmos designated as development operator. Successful wells may be tied back to Shell's Appomattox platform. Trailblazer prospect (~200 MMBoe gross) targeted for drilling in H1 2027.
• Restorative Farms (Dallas)minorStrategic or Co-development Partner · 1 January 2025Kosmos partnered with Restorative Farms, a Dallas-based nonprofit addressing food deserts and food insecurity through urban agriculture, as part of its global Hunger Relief Program during the COVID-19 pandemic.
• Mastercard Foundation — IYAT ProgramminorStrategic or Co-development Partner · 1 January 2022Kosmos Innovation Center Ghana partnered with the Mastercard Foundation on the Initiative for Youth in Agricultural Transformation (IYAT), a four-year $16 million program scaling KIC's model across all 16 regions of Ghana.
• Brighter Bites (Houston)minorStrategic or Co-development Partner · 1 January 2020Kosmos partnered with Brighter Bites in Houston to deliver fresh produce to families in need while providing nutrition education, as part of the company's global Hunger Relief Program.
• Oxford EconomicsminorStrategic or Co-development Partner · 1 January 2020Kosmos supported Oxford Economics to produce an analysis of future energy trajectories in Ghana, Senegal, Mauritania, Equatorial Guinea, and Nigeria — 'Energy Transitions in Western and Central Africa' — informing the company's energy transition positioning.
• Shell Energy North America (Reforestation)minorStrategic or Co-development Partner · 1 January 2019In 2019, Kosmos entered into an agreement with Shell Energy North America covering two reforestation projects in Ghana (Form Ghana Reforestation Project — 18,000 hectares over lifetime; 7,500 ha replanted to date) and potentially in the U.S., providing carbon offsets for Kosmos's GHG emissions while delivering community and biodiversity co-benefits.
• Flora and Fauna InternationalminorStrategic or Co-development Partner · 1 January 2018Kosmos works with Flora and Fauna International on environmental protection programs including mangrove rehabilitation and biodiversity conservation in Senegal's Djoudj National Bird Park area.
• Kosmos Innovation Center (KIC) — Ghana, Mauritania, SenegalminorStrategic or Co-development Partner · 1 January 2016The Kosmos Innovation Center is Kosmos's flagship social investment program investing in youth entrepreneurship in agriculture and other sectors. Active in Ghana (since 2016), Mauritania, Senegal, and Côte d'Ivoire. The KIC Ghana has trained over 600 aspiring entrepreneurs, helped create 42+ small businesses, and supported 100,000+ farmers. KIC Ghana became an independent nonprofit in 2022.
• BPcoreStrategic or Co-development Partner · 1 January 2015BP is the operator of the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, in which Kosmos holds a significant interest. The GTA project is a world-scale floating LNG development designated a National Project of Strategic Importance by the Presidents of both Mauritania and Senegal. Phase 1 reached first LNG production in February 2025 and is operating above nameplate capacity.
• TotalEnergiesminorStrategic or Co-development Partner · 1 January 2012TotalEnergies is the operator of Block C18 offshore Mauritania, in which Kosmos holds a 15% working interest alongside Tullow (15%), BP (15%), and SMHPM (10%).
• Tullow OilcoreStrategic or Co-development Partner · 1 January 2010Tullow Oil is the operator of the Jubilee and TEN fields offshore Ghana, in which Kosmos holds working interests (38.61% Jubilee, 20.38% TEN). Kosmos served as Technical Operator for Development at Jubilee. Tullow and Kosmos jointly developed the Jubilee field discovery and subsequent TEN development.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Ithaca Energy: Ithaca Energy is a London-listed mid-cap North Sea-focused E&P company with comparable production scale (around 70-80 kboepd) to Kosmos. Both companies operate as focused upstream producers with partnership-heavy asset portfolios, though Ithaca's North Sea geography differs from Kosmos's Atlantic Margin focus.
• Panoro Energy: Panoro Energy is a West Africa-focused E&P company that just acquired Kosmos's Equatorial Guinea assets (Ceiba and Okume) in June 2026. Both companies target shallow and deepwater opportunities in West Africa with similar capital structures and partnership-heavy operating models.
• Africa Oil Corp: Africa Oil Corp is a Canadian-listed West Africa-focused E&P company with significant interests in Nigeria, South Africa, and Namibia. Like Kosmos, it pursues frontier and emerging basins in Africa and is similarly exposed to commodity price cycles and host-country political risk.
• EnQuest: EnQuest is a London-listed North Sea-focused E&P company with a similar small-cap, high-leverage profile to Kosmos. Both operate production assets with partnership structures, target debt reduction through operational improvements, and pursue growth in mature and emerging basins.
• Tullow Oil: Tullow Oil is a direct partner with Kosmos in the Jubilee and TEN fields offshore Ghana and is a similar-sized West Africa-focused E&P company. Both companies are pure-play Atlantic Margin deepwater producers with comparable asset portfolios, production profiles, and exposure to commodity-price volatility. Tullow was even the subject of a possible Kosmos bid in December 2024.
• Pharos Energy: Pharos Energy is a London-listed mid-cap E&P company producing oil in Vietnam and Egypt and exploring in Namibia. Like Kosmos, it operates in emerging/frontier basins, has a small market capitalization relative to majors, and pursues organic growth alongside asset divestitures.
• Hibiscus Petroleum: Hibiscus Petroleum is a Malaysian-listed small-cap E&P company with assets in Malaysia, Australia, and the UK North Sea. Like Kosmos, it pursues partnership-driven growth in offshore basins, has a similar market capitalization, and operates with comparable production scale.

Broad incumbents

• BP: BP is the operator of the Greater Tortue Ahmeyim LNG project in which Kosmos holds a significant interest and a major strategic partner. While BP operates at vastly greater scale with a diversified global portfolio, its GTA partnership creates a directly comparable asset and similar West African E&P exposure.

Emerging players

• Eco (Atlantic) Oil & Gas: Eco Atlantic Oil & Gas is a TSX-V-listed exploration company focused on offshore Namibia, South Africa, and Guyana. It shares Kosmos's frontier exploration philosophy and Atlantic Margin focus but operates at a much earlier stage with no current production.
• FAR Limited: FAR Limited is an ASX-listed West Africa-focused exploration company with assets in Senegal, The Gambia, and Guinea-Bissau. Like Kosmos, it pursued frontier exploration in Atlantic Margin basins, though it operates at a smaller scale and narrower geographic focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/kosmos
• Xx.com/KosmosEnergy
• Facebookfacebook.com/kosmos-energy-170334992992228

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kosmos Energy