Kosmos preparing to drill offshore Morocco

Offshore staff

DALLAS – Kosmos Energy (NYSE:KOS) has unveiled its planned capital program for 2013.

On the company’s offshore Morocco licenses, this provides for additional geological studies, and further processing and interpreting of 3D data already acquired on the Agadir basin blocks.

Funds are also set aside for completion of the company’s acquisition of an extra 37.5% stake in the Essaouira block. The company is targeting first drilling offshore Morocco in late 2013.

Off Mauritania, the company expects to start a large 2D seismic survey during the first half of the year, followed by a 3D seismic program later in 2013.

Offshore Suriname, the company anticipates additional spending connected to processing and interpretation of a 3D seismic survey acquired late last year.

2/1/2013

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