Kosmos Q2 production up 12% on Jubilee wells and GTA LNG ramp-up
Kosmos Energy reported Q2 net production of about 71,400 boed, up 12% year over year, supported by new Jubilee wells and a continued ramp-up of the Greater Tortue Ahmeyim LNG project. Net income was $185 million and operating cash flow about $175 million, with free cash flow of $89 million. Jubilee output is set to exceed 90,000 bpd as more wells come online, while GTA Phase 1 averaged 2.65 MMtpa LNG equivalent and lifted nine cargoes.