Kosmos Reduces Capex

Tuesday, August 8, 2017

Kosmos Energy revealed in Q2 report that is has reduced its net capex budget for 2017. The company had originally set its capex at $150 million, but has now lowered it to $100 million on the back of lower costs associated with the Jubilee field in Ghana.

Approximately $25 million of the budget is allocated to Ghana and approximately $75 million remains allocated to exploration, including seismic and new ventures costs. The 2017 net capex budget of $100 million represents almost an 85 percent decrease from its 2016 net capex.

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