Kosmos Energy announced a play-opening discovery off the coast of Mauritania after testing the Tortue West prospect, according to a company press release. The independent oil and gas exploration firm confirmed that the Tortue-1 exploration well in Block C-8 off the coast of Mauritania found gas resources.
The head of the exploration at the company was surprised at the performance of the Tortue-1 well in the Greater Tortue Complex.
"Our results demonstrate that our organic deepwater exploration business model, which targets early access to build large acreage positions with significant follow-on dependent prospectivity, can deliver significant value for our shareholders," Brian F. Maxted, chief exploration officer for Kosmos Energy, said in a statement.
With the significant discovery, the company will launch an appraisal program. Inglis described how the firm will use appraisal drilling for about 90 square kilometers of Tortue West.
After its success in the Block C-8 in offshore Mauritania, the company will also spud the Marsouin-1 exploration well in the third quarter of 2015 in the same block and begin an exploration program for other parts of the Greater Tortue Complex.
In the company's 2014 annual report, Kosmos Energy said it believes its prospective leads in offshore Mauritania, Ireland, Morocco, Senegal and Surname had great potential. The company expected to drill between two and four play-opening exploratory wells per year. In addition to offshore block C-8, the company is also working in C-12 and C-13 offshore blocks in Mauritania.
Other discoveries and projects
Maxted noted that the company is progressing in its 'Second Inning' campaign and will expand other projects for its exploration drilling program.
In March, Kosmos Energy announced it had a noncommercial gas and condensate discovery in offshore Morocco in the Laayoune basin. The company said the CB-1 well will be abandoned, however, it will modify its exploration plan and look toward drilling another well.
The company also received word it can continue the the Tweneboa, Enyenra, and Ntomme (TEN) project after a boundary dispute between the governments of the Ivory Coast and Ghana. Kosmos Energy CEO and Chairman Andrew G. Inglis said the company will now be able to move forward with the project, which is more than half completed.
"We are pleased the TEN project can continue, and we remain confident that the boundary, as it has been drawn and respected by both Ghana and C^ote d'Ivoire for over four decades based on the principle of equidistance, is both factually and legally correct, and will ultimately be sustained in this arbitration."