Kosmos Energy hails gas output ramp-up, license extensions in Africa

Mon, 05th Jan 2026 11:14

(Alliance News) - Kosmos Energy Ltd on Monday said ramp-up of its liquefied natural gas project in Mauritania and Senegal continued as it celebrated a government approval in Ghana for license extensions.

The Dallas, Texas-based mining firm, focused on oil and gas in Africa said in Mauritania and Senegal, its floating LNG vessel reached a peak production rate of around 3.0 million tonnes per year, as ramp-up in performance of the Greater Tortue Ahmeyim, GTA, field, continued.

Kosmos Energy added that it now expects partnership cargo liftings to nearly double in 2026.

Further, the company said the TEN partnership received government approval in Ghana in late December for license extensions for its West Cape Three Point and Deep Water Tano Petroleum agreements, which cover the Jubilee and TEN fields.

The extensions are until 2040, starting from July 2036. Ghana National Petroleum Corp's, or GNPC's, stake in the fields will rise by a further 10% interest while the joint venture partners' share will fall pro rata.

Further, the Jubilee plan of development has been changed to include up to 20 additional wells in the field. Kosmos Energy expects to realise an increase in 2P reserves as a result.

TEN stands for Tweneboa, Enyenra, and Ntomme located offshore Ghana. Kosmos Energy holds a participating interest of around 20.4% in TEN, with Tullow Oil PLC holding around 54.8% and GNPC holding just below 21%. Petro SA, the Petroleum Oil & Gas Corp of South Africa, holds a 3.8% stake.

Further, the TEN partnership has agreed final sale and purchase terms to buy the TEN floating production, storage, & offloading [FPSO] at the end of its current lease in 2027.

Kosmos Energy shares rose 4.8% to 71.50 pence each on Monday morning in London.

By Tom Budszus, Alliance News slot editor

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