Commercial Operations Date Achieved for Gimi FLNG
The Gimi floating LNG vessel achieved Commercial Operations Date, marking a key milestone for the GTA project, with a nameplate capacity of 2.7 million tonnes per annum and targeting that level in the fourth quarter.
Positive Progress in Ghana's Jubilee Field
Drilling has restarted in Jubilee, with the first producer well in the '25/'26 program online, producing around 10,000 barrels of oil per day. Plans to drill more wells in 2026 to further enhance production.
Significant Reduction in CapEx
CapEx for the first half of 2025 was around $170 million, down 65% from the first half of 2024. Full year CapEx forecast reduced from $400 million to $350 million.
Improved Liquidity with New Term Loan
Kosmos secured indicative terms for a $250 million term loan, which will be used to repay the 2026 bond maturity, enhancing financial resilience.