Kosmos Energy

Kosmos Energy will abandon one of its wells offshore Suriname after it failed to find oil. The company announced that its drilling program in Block 45 will remain unchanged, given the independent nature of the prospects. The Anapai-1A exploration well encountered high-quality reservoirs but did not find hydrocarbons. Earlier this year, the company announced that the design for the well had to be reconfigured and that it had spent about $20 million until then on drilling the well. Kosmos owns a 50% stake and is the exploration operator of Block 45, with Chevron holding the remaining interest. The company said drilling will proceed as planned in Q3 to test Pontoenoe, the first of up to three independent prospects in Block 42, also offshore Suriname. Kosmos, Chevron, and Hess each own a third of Block 42.