Slide 1: Second Quarter 2023 Results
Second Quarter 2023 Results 7 August 2023 NYSE/LSE: KOS 1
Slide 2: Disclaimer
Disclaimer Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this presentation
Slide 3: Strategic delivery progressing
Strategic delivery progressing Continued progress against key strategic goals Production Growing - JSE delivered: Three more 100,000 Delivering Jubilee wells to come in 2H23 - Tortue: First gas targeted in ~50% production ~50% increase 1Q24 growth target - Winterfell: First oil targeted end-1Q24 C
Slide 4: 2Q On Track
2Q On Track 2Q net production of ~58,000 boepd, in line with guidance Ghana Equatorial Guinea Gulf of Mexico 2Q net production 2Q net production 2Q net production ~33,700 boepd ~8,400 bopd ~15,900 boepd Jubilee Ceiba & Okume Kodiak • Gross oil production averaged ~72,700 • Gross oil production avera
Slide 5: Jubilee South East Start Up
Jubilee South East Start Up Gross production ~100,000 bopd Jubilee Growth Forecast Jubilee Production (bopd) Facility Oil 120,000 Limit 100,000 80,000 60,000 Successful Jubilee South East start-up • First two JSE wells online • Gross Jubilee production currently ~100,000 bopd • An additional Jubilee
Slide 6: Near-Term Gulf of Mexico Activity
Near-Term Gulf of Mexico Activity Tiberius currently drilling with Winterfell drilling planned to start this quarter Wilcox Trend (GoM) Greater Winterfell Area Tiberius Winterfell • Kosmos: 33% working interest and operator • Kosmos: 25% working interest • Phase 1 under development (~100 mmboe estim
Slide 7: Mauritania & Senegal: Tortue Phase 1
Mauritania & Senegal: Tortue Phase 1 Project schedule optimized to accommodate subsea plan and minimize offshore workscope – first gas expected in 1Q24 1 2 3 4 1 Subsea/Wells 2 FPSO 4 Floating LNG 3 Hub Terminal • Four wells drilled and completed • Timely execution of the subsea workscope remains th
Slide 8: 2Q 2023 Financials
2Q 2023 Financials In line with guidance 1Q 2023A 2Q 2023A Net Production ~58,800 boe/day ~58,000 boe/day Realized Price1 ~$70.9/boe ~$65.4/boe Opex ~$15.3/boe ~$15.4/boe DD&A ~$19.9/boe ~$21.8/boe G&A2 $29 million $23 million Exploration Expense3 $11 million $11 million Net Interest Expense4 $25 mi
Slide 9: Multiple Catalysts Expected Across The Portfolio
Multiple Catalysts Expected Across The Portfolio Several key milestones targeted in the next 6-9 months Today 1Q23 2Q23 3Q23 4Q23 1Q24 Ghana JSE wells JSE First Oil drilled EG Infill drilling Akeng campaign Deep GoM Tiberius Winterfell Winterfell drilling drilling First Oil FPSO Sailaway FLNG FP
Slide 10: Kosmos Energy
KOSM*“*S ENERGY.
Slide 11: Appendix: FY23 Detailed Guidance
Appendix: FY23 Detailed Guidance 3Q 2023 FY 2023 Production1,2 67,000 – 70,000 boe/day 65,000 – 69,000 boe/day Opex $20.00 – $22.00/boe $13.50 – $15.50/boe DD&A $17.00 – $19.00/boe $19.00 – $21.00/boe G&A (~60% cash) $28 – $30 million $110 – $120 million Exploration Expense3 ~$10 million ~$40 millio