Kosmos Energy makes significant Senegal gas discovery

Kosmos Energy makes significant Senegal gas discovery

Kosmos Energy (NYSE:KOS) today announced a significant gas discovery at its offshore Senegal well.

The American exploration firm reported that its Teranga-1 exploration well was successfully drilled to 4,485 metres and encountered 31m of net gas pay in a good quality reservoir.

The results confirmed an inboard gas fairway extending approximately 200km from the Marsouin-1 well in Mauritania through the Greater Tortue area to Teranga-1.

Kosmos has discovered a gross Pmean resource of approximately 25 Tcf and estimates the fairway may hold more than 50 Tcf of resource potential.

“Our continuing exploration success demonstrates we have opened a super-major scale basin offshore Mauritania and Senegal with world-class resource potential,” said Andrew G. Inglis, Kosmos chairman and chief executive officer.

“Given the scale and quality of the gas resource discovered along the inboard trend, our focus is to move this resource through to development.

“Our forward exploration plan is to mature the two independent tests with oil potential in northern Mauritania and in the outboard of Mauritania and Senegal for drilling in 2017.”

Kosmos has now drilled five consecutive exploration and appraisal wells in the inboard fairway with a 100 per cent success rate.

The company has a 60 per cent interest in the Teranga-1 well, with Timis Corporation Limited holding 30 per cent and Société des Pétroles du Sénégal (Petrosen) the other 10 per cent.