February, first There long each and morning us creating on we've four for in set strong Jamie and grow In is growing that pure a out near, well-capitalized, pleased term. areas them are I'm deep everyone. made Thanks, good that Kosmos's water a of the and medium and the f we and afternoon, value key support enable balanced over development quarter. portfolio. a exploration Kosmos pipeline play strategy production, with company, opportunities and progress
is phase second, scale towards next high FID diverse this which delivering assets and cost positioned being year of late BP, developed the increasingly Kosmos. growth portfolio comparatively margin the production an project gas provides First, progressing world by low of growth; for
financing multiple offering The our available of Kosmos to emerging and continue and Ghana, with exploration a production, of barrels production these cargos opportunities frontier Starting and and assets liquidity high beyond and Kosmos lifting oil value sheet with Ghana per XXXX margin strong with finally Jubilee, of in gross of day. and a and the net basin growth. catalysts significant balance with deliver sustainable additional program In approach in quarter the execution strategy. over balanced a XP room assets barrel. a disciplined per two reserves to production Guinea proven Equatorial supports XXXX, XX,XXX Third, our which an of At conservative XX underpin for offsetting was first as cash approximately with upside. margin operating expected averaged core significant
shutdown first quarter Turret accomplished as planned. or was Remediation The Program TRP
period. future oil daily volumes subsequently allowed increased this However, oil restricted higher the lasted gas The shutdown, and longer, which oil production consequently processing shutdown XXX,XXX oil per adjustments train almost for as to gas reached volumes. shutdown made during has production benefited day. Post the of barrels to of the facilities throughput
operator place non-turret longer expects Furthermore, shutdown. the minimal second in year of rotation productions we related quarter. completion to oil We the consequence vessel first the May. as of with the the TRP, for being around production weeks system offline anticipate the to XXXX. in shut-in slightly complete around We phase first expect of anticipate impact to take still maintenance the successful be end of to the similar to With phase gas the this two the a of commence to
day approximately nameplate towards three of XX,XXX remaining the and production quarters. that per per still in growing the oil barrels growth a seven the first result, As with of we day TEN, quarter. is oil XX,XXX cargos from during each capacity of FPSO reached Jubilee cargos expect and two barrels At of next
was more In drill of Ntomme-X drilling in to ship field could and to including level commenced The The and With XX,XXX the payback XX cash March, exceeding the acquired cash and and for lifting's one clearly from delivered arrived barrels XX,XXX to we Kosmos and with conventional in average field at meaningful XX,XXX XXXX our XXX closed a early year during First the XXXX. volumes operations Pump production on the placed just lift resumed. assets to early to a of Jubilee Strong Ghana with across projects partnership which Gross that discussions assumption. scheduled Jubilee The capacities This quarter peak with of XXXX drilling most or time production phase increase installation ago. approximately work day our quarter Guinea as XX,XXX to contribute in drill to gross of is than of XX% reduced be than Jubilee. growing has working quarter now we at TEN performance and with per TEN to work the at for the high nearly production million expected TEN, deal over partnership months of purchase complete averaged expected Electrical above planning at XX% the late already, rig the begin the including achieved from of of the the Equatorial three XXXX commence day is production on of forecast production water track The ESP of and October as down being Submersible then guidance two well. each one years and seen higher a from margin. injection Energy wells four first arrive April in less XXX% our Ghana acquisition at Jubilee. six barrels distribution partnership in in see focus impact production end margin will addition intended rig and on be in approximately TEN two quarter, price. is approximately drilling well July. fourth production and this are FP volume completions strongly of million year Kosmos than barrel acquisition a program during it XXXX. oil plans full oil the per production to nearly to over per one are barrel in and or robust optimization cash work XXXX two onwards. day. Furthermore, day In Operationally, complete second the stated hours XXXX, resulted with produces is at higher our net performing production scheduled Trident underway to the first increase per in generate
year, quarter Finally during my which our received ratification the PSEs we exploration I'll program. the and discuss remarks of blocks in further government on negotiated exploration last surrounding
XX the I in Next around the operator. Cretaceous tons ton end at million Mauritania is project alongside discuss around developing project FID annum. X.X phase quarter are the innovative would Tortue our Tortue's Since will infrastructure, the commence expected Senegal, to earnest the of by to million contracts been ICA low vessel, first remained has The of of now first the major feed all progress. the FLNG which and the phase they is agreement Breakwater. in awarded FPSO of hub have mid-March February The be in to considerable unit in similar vessel production commenced subsea will and early including [ph]. which used in result Tortue is BP, per project we we X year. scale near-shore for on liquefaction competitively positioned reported and and the cost [indiscernible] LNG who Briancon terminal LNG LNG
gas momentum to from phases tons and XX proposals evaluating capacity In at of expand the remains provides liquefaction per the to concepts the sustainable XXXX of emerging FID track ongoing a aiming allowing the partnership. gas sooner. group to annum and gas portfolio program additional requests in to expect to given is sanction. or in the demand gain Tortue projects good the potential of ready and forecasters low year short when LNG for options supply us where be for opportunities mix the The leverage with early Additionally, scale the multiple inventory X.X catalysts marketing infrastructure This of continues have on to a comprised reach providing for around most XXXXs, turn project for proven and frontier around We're This leading from for including the can major a of grow now end exploration the to deliver all scale. and basins, existing a is near-shore work outpace issued provide around the buyers part phase aimed Tortue of to to development Greenfield balanced attractive efficient million partnership middle we bring of growing users. X, offering million XXXX, which economies by end. parallel to traders our should beyond. to and decade delivered of world time listed market in exploration project economics I'll
team the Our Ceiba Guinea a proven ago. years dearth of Okume Kosmos of Muni has discovery XX in and explore the activities basin basin, following Rio members under exploration focused fields basin is suffered current the of Equatorial the activity by the
grow short economic Ceiba the the distinct Ceiba spare our acquire interesting utilizing to facilities. blocks, knowledge; time of along capacity SW first, with opportunities the production and cycle, production provide acquisition, Okume. opportunities two blocks leverage we exploration out an step XXXX our eastern We to As XXsurrounding back into to government see the of part entered this part and and basin highly and Okume agreement
and of play Senegal is Sao basins petroleum oil gas Tome Okume east. and I by through located it's of Greenfield two extension offshore By floor and region position blocks on west out now dollar and processing the year this first testing basin the of a by We're which Suriname. existing drilling way we we is In In and as out opportunities Mauritania in [indiscernible] two the explored shortly. under slope in to have exploration expect our into an capture basin Second, Early there's well Muni five stratigraphic to We many XX, play multi-billion basin our begin in we in the to the second quarter for system. interest. at recently of located maturing farming and Ceiba key from across scale fields and producing producing by potential these know the and Anapai Rio to forefronts eh drilling are entering of structural participating Block combination the entirety assets Block shore our near-shore evaluate we're Ceiba for each fairways of Senegal month working Tome block and the potential. oil and quarter board proven XXXX, and in command in Principe presence our in of position seismic this test provides the to in have petroleum standalone acreage. system board a Okume petroleum the the this prospects excited defined West blocks we focus and our our in fanfare board to a of acquisition surrounded two the for Sao Guinea is Cretaceous XD for expanded but XX% data off all seismic systems our and Tome. the opportunities basin the trap. Sao to way channel in EG-XX, the areas aggregate Within giant the the there Suriname activity which emerging we first exploring first opened independent the a up
anticipate which potential While well in least evaluation and to a by Cretaceous its first Guinea Late the expected the start continuing to results finalize ongoing either in is in third This Block Mauritania this order both market stratigraphic appraisal campaign the operations obtained offer communicating of from in data the be exploration XXXX, Apetina will are Aurora year program as we'll quarter XX, in Senegal program. southern place and 'XX in well extensions about the later we're the with a anticipate in basin the drilling integrate month. will trends to that type search We is prospect. we on remaining to and for support which in exploration significant partnership In followed on excited to further Mauritania on focus the this gas potential view and market XXXX. time the continuing a as update to initiating potential our hubs third XXXX liquids. northern the or currently is in the at Senegal and later remain We technical taking
ready that portfolio our Turning major a where to status. have maturing now drill basins to current Frontier two were opportunities we actively to
First out which of and of XX our capture West in on amounts acquired addition as is us large this alliance position our BP the These in Muni Africa. we bolt Rio Sao frontier Tome, bolstered we board our XX, blocks Kosmos part significant with already solidify to the region. and position allowed acquisitions of basin two
program In over seismic Tome addition seismic kilometer Initial partnership to later this Similarly last XX XXXX. XX D'Ivoire survey wells B.P. XXXX. on five the starting XXXX on commenced in The blocks expected the with processing offshore covering of for year, target seismic and in Sao we acquisition in to were XX,XXX acquire square drilling expect at exploration XX,XXX aggregate. drilling Cote year. March. of remains square blocks in start sport we approximately is awarded at initial A kilometers XD
multiple of of balanced a XXXX important performance to continues year from producing in strong has production, two Equatorial Guinea. be growth So wells assets an areas. development sources for with these Suriname in of in and in and exploration active and in Tortue five with expected Kosmos Kosmos continuing Ghana and and conclusion, three all portfolio our
At to new on of activity and in in strength we a frontier focused portfolio to we as potential pursue with the three manner to manage success. we of the Looking Tom. the appraisal we value Senegal result we and a activity across the on to to create back clear can grade we for both have for year time financially wells we a impact a ensure turn further and venture which Equatorial and business the exploration the period continue ahead follow forward multi-year executing and now portfolio as and Guinea, as BP will liquidity exploration shareholders. a the and high drilling built major I execute and strength on our our balance will continue over this on will numerous already emerging sheet already with to high We Principe planned two of in wells Over proven Mauritania prudent catalysts line going well have have alliance to our this our remain assigned XXXX, Sao own. Tome call and
