Kosmos Energy Increases Production, Advances Asset Sales and Reduces Debt in First Half (KOS)

Kosmos Energy (LSE:KOS) delivered a strong operational performance during the first half of 2026, supported by rising production from its Ghana portfolio. New Jubilee wells J76 and J77 are expected to increase gross field output towards approximately 90,000 barrels per day, with an additional production well and a water injection well scheduled to come online in the coming months.

The company also exported nine LNG cargoes from the Greater Tortue Ahmeyim project, completed the sale of its Ceiba and Okume assets in Equatorial Guinea, progressed the Tiberius farm-down in the Gulf of America and reduced net debt to around $2.56 billion, highlighting continued progress on its strategy of growing production, optimising its portfolio and strengthening the balance sheet.

Ghana Growth and Portfolio Optimisation Drive Progress

The latest drilling success at the Jubilee field is expected to support higher oil production while reinforcing the long-term potential of Kosmos’ flagship Ghana operations. Alongside increasing output, the company continues to advance additional drilling activity to sustain future production growth.

At the same time, Kosmos is expanding LNG exports through the Greater Tortue Ahmeyim project, divesting non-core assets and progressing funding initiatives for key developments. Combined with lower leverage, these measures further strengthen the group’s financial position and operational flexibility across its international portfolio.

More about Kosmos Energy

Kosmos Energy is an independent deepwater oil and gas exploration and production company with operations offshore Ghana, Mauritania, Senegal and the Gulf of America. Listed on both the London and New York stock exchanges under the ticker KOS, the company focuses on developing producing assets and advancing large-scale energy projects in established offshore basins.

Alongside its production growth strategy, Kosmos emphasises responsible operations, with a focus on transparency, safety, environmental stewardship, ethics and respect for human rights across its global business.