The Chief Executive Officer of Kosmos Energy, Andrew G. Inglis, has reaffirmed the company’s long-term commitment to Ghana’s upstream petroleum sector following a high-level meeting with President John Dramani Mahama.
According to Inglis, discussions centered on boosting crude production, strengthening operational efficiency, and creating sustainable economic value through continued collaboration.
“We spoke about our shared commitment to strengthen the energy industry in Ghana through increasing production at Jubilee and TEN, applying advanced technologies to improve operational performance, and by doing so creating quality jobs that support long-term economic growth.”
Andrew G. Inglis, Chief Executive Officer of Kosmos Energy
The engagement underscores Kosmos Energy’s strategic focus on Ghana as a core asset within its global portfolio.
Nearly Two Decades of Partnership
Kosmos Energy has been operating in Ghana for close to 20 years, playing a pivotal role in the discovery and development of the Jubilee Field and participating in the Tweneboa, Enyenra and Ntomme (TEN) fields.
“I continue to be encouraged by the strength of our relationships, the progress we have made together, and our alignment on what comes next.”
Andrew G. Inglis, Chief Executive Officer of Kosmos Energy
The company’s latest operational and financial update highlights ongoing efforts to optimize production while maintaining cost discipline and long-term asset value.
“Together, we remain focused on realizing the long-term potential of Ghana’s energy resources and delivering lasting value for the country, its people, and our shareholders.”
Andrew G. Inglis, Chief Executive Officer of Kosmos Energy
Jubilee Production Holds Steady
In its fourth-quarter 2025 operational update, Kosmos revealed that gross production from the Jubilee Field averaged 59,000 barrels of oil per day (bopd). The output was described as consistent with expectations, reflecting a controlled base decline of five percent quarter over quarter.
Industry analysts interpret the modest decline as manageable within the lifecycle of a mature field, particularly when supported by additional drilling programs and enhanced recovery strategies.
To sustain output and support future growth, the Jubilee partnership has advanced plans for additional wells. Beyond the recently completed J-72 and J-74 producer wells, five new wells, four producers and one injector have been approved for drilling in 2026.
The company confirmed that drilling of the next producer well has already commenced, signaling continued capital investment aimed at stabilizing and potentially increasing production levels in the coming years.
TEN FPSO Acquisition to Lower Costs
Kosmos also provided an update on developments at the TEN fields, where partners have agreed on final sale and purchase terms to acquire the Floating Production, Storage and Offloading (FPSO) vessel at the end of its current lease in 2027.
The final Sale and Purchase Agreement is expected to be executed early in 2026. The transition from a leased asset to partnership ownership is anticipated to deliver significant cost efficiencies.
As ownership shifts to the partnership, Kosmos expects TEN operating costs to decline substantially. The company believes this move will positively impact its financial leverage profile beginning in 2026.
Reducing operating costs at TEN could enhance the field’s long-term viability and improve overall project economics, particularly in a global oil market characterized by price volatility.
Leveraging Technology for Growth
Central to Kosmos’ strategy in Ghana is the deployment of advanced technologies aimed at optimizing well performance and maximizing recovery rates.
Inglis emphasized that applying innovative technical solutions remains critical to sustaining production at both Jubilee and TEN. Enhanced reservoir management, data analytics, and improved drilling techniques are expected to play a role in driving efficiency gains.
By combining technology-driven performance improvements with disciplined investment, Kosmos aims to strengthen Ghana’s oil output while maintaining operational resilience.
Inglis highlighted the importance of ensuring that Ghana’s energy resources generate tangible benefits for citizens.
“Our shared commitment is not only about production numbers but about creating quality jobs that support long-term economic growth.”
Andrew G. Inglis, Chief Executive Officer of Kosmos Energy
For Kosmos Energy, the message is clear: Ghana remains central to its long-term strategy, and the partnership is entering a new phase focused on efficiency, resilience, and shared value creation.
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