Kosmos expects to spend approximately $700 million in capital expenditures in 2022. Around $400 million of the budget is related to the base business (Ghana, Equatorial Guinea and Gulf of Mexico assets) with around $300 million related to their assets in Mauritania and Senegal. The base business capex includes approximately $250-$300 million of maintenance capital expenditures for development drilling, as well as integrity management. In addition, Kosmos expect to spend approximately $100-$150 million of growth capital expenditures to fund pre-investment for infrastructure supporting growth in the base business in 2023 and beyond (i.e. Jubilee Southeast and Winterfell). In Mauritania and Senegal, the Company expect to spend approximately $250 million on Tortue Phase 1, with an incremental $50 million on increased activity on Tortue Phase 2 and the BirAllah and Yakaar-Teranga hubs to advance the commercialization of our substantial gas resources. If Ghana pre-emption is completed, Kosmos would expect capital expenditures to reduce by up to $40 million.

KeyFacts Energy: Kosmos Energy US country profile