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.