for up a give presentation call. us portfolio. imply over today's gas is Thanks, for our the on the third update then quarter report Jamie afternoon comments today's Kosmos open few and Thank to everyone. macro talk results the challenges energy and across addressing Q&A. like the facing. Neal call & morning before to on I'll good environment joining the the wrap for today with to on and I'll financials oil a development I'd and I have an roll to we hand project progress in the you then the the through and quarter world presentation start we
balanced dimensions. has time and at and affordable, with grappling address the right solution. a part the cleaner right three world for Kosmos to Moving the to slide the be energy the a with required three, of secure strategy to portfolio approach is need
same with growing graded cash on that of yield, hubs portfolio generative. projects weighted core our of low oil natural These We're working by address an market, energy our benefit in the production gas ways. with investing in carbon emphasis time, into Africa. production. energy high into increase affordability markets barrel sources need of security strong the well supply domestic and highly can as our partners energy supply a countries are have in cost, global lower oil as of the to world At projects with more supplying today. in This we're new We host each should more gas two of that
export promote of in First, be LNG to development. infrastructure the critical economic the revenues from invested can
access were load in to base countries each goal where providing the Second, domestic electricity, supply help expand a will of key we gas in Africa.
and resource economies. for grow, emerging companies both investing demand and energy meet as a few world's next demand. compelling the oil gas optimize enabled The Kosmos, energy in meet we continues production help we gas of two decades bring transition the gas heavy to we cleaner opportunities gas coal, current plan most term, need natural into activities the our to which and displaces to portfolio from Over years, and oil oil and help as and world's our planned demand the shifting natural energy this by prime new to meet the of projects production portfolio, for The particularly increase developed our about flow balance from to to Longer reinvestment LNG natural deep XX% current online. selective are can Africa expect cash in and in support biomass to energy the continue come. & as E&P fuel
challenges. to to Kosmos. that slide global differentiate play our in these of the asset characteristics wealth important energy the The differentiated our within of Given Kosmos base has an and opportunities portfolio, highlights believe responding next quality we the role
distinctive the On we slide, the features our of the identifying are side portfolio. left of
long and asset quality of have reserves dated over the we production a XP XX-years. base, high life for First,
are Second, prices. margin cash particularly at our current generative, commodity assets highly cost, low high
production Phase XXXX that XX% of development which as growth content Tortue, to phases increases transition into be forecast is Third, our subsequent Mauritania portfolio and expected around in of progressing we from other the materially gas just a with The driven X projects in well. our from gas from growth are deliver by now we portion Senegal. three larger largest which anticipated & projects,
and right of that the values the embedded the underpin our policies of company On strategy.
the on while sure value-added compelling focus in pursuing strong discipline, We the projects making the have robust. sheet most portfolio, capital balance only remains
talk and will about write and the down We leverage made debt continue we've year. reduce progress Neal this to absolute
has the experienced funding the have industry target, have across ESG we across this and supports challenges and highly strategy today. We commitment the see to short, upgraded long-term. and from our of countries. deliver respond a are a the its energy near-term the social management finally, record ability to combination progress MSCI, have the makes and policies track reduction possible the The we recognizes unique strong transparency, leading making the team, substantial medium Kosmos and And host agencies AAA in create over we spectrum to the emission ESG our value contract one rating. recently these highest to our Kosmos of we racing shareholder programs
our we believe future progress strategy and Kosmos strongly with continue I deliver each priorities positioned is the summarize, well a clear quarter. for on strategic to compelling to So
Turning to slide five.
was highlighted slide. it boxes quarter solid as for XQ, by another on Kosmos at Looking this the of execution
for assets with are production with the line with production quarter Our guidance. in expected performing
We and next for and to with hydrated offer activity. value have the the continue ILX our drilling of Southeast development, year's our portfolio oil we grow progress at Winterfell Jubilee
of these to our into to in the which have value project we with the our of with of Tortue We'll continues of themes balance BirAllah at with leverage improve presentation. expected. generates cash, gas the where target We each sheet achieved growing leverage X.X down the as progress year-end with and drives portfolio today's the times a PSC further also dig Mauritania. continued the portfolio new finally, are signed And execution Government
the deliver focuses barrels six, Turning gross with slide of Ghana, the of our to continues oil Jubilee production the production during performance assets day. per around which XX,XXX quarter, to field quarter. for In the on
A over with the be was drilling results expected. than Tornado was the and XQ The the an wells the to the two first based Following At year-to-date, Delta the shutdown Jubilee drilled late compressor. year's quicker two infill of oil and last a the performance our wells drill ahead The has extended FPSO activity handover competitive into in meters next has the but reservoir rig the barrels line oil which to drilled wells is riser August, with well unplanned and partnership expect on injector and since In of the third will pay, XXXX, guidance direct in proved shows Gulf we expectations, incorporated issue to the production brought was production number weeks well focused [indiscernible] TEN around be five now an safety House vessel lease no safely potential The the expects that online of with for riser per gross in transition, the will with the expectations. multiple see second due in production due quarter, to in in stubs incidents identified during southeast so mid-September, entered control. from which consistent also expectation. the of turnaround been we the On only ILX of been we've costs, contracting, planned, and in schedule. at initial which of impact wells The now equivalent of been at well per the for The On Delta online came followed awaiting the in grow were expectation. slightly around well existing data G, reportable completed by the second have around day material. appendix three drydock scheduled quarter EN-XX the and accumulation of production of efficiencies Mexico with drilling quality XX,XXX oil identified, in excellent month, which and operating soon. quarter, from operations barrels partnership strong MODEC there started have for the the gross TEN, per than of production of of for of day far barrels late savings facility pair, encountered expansion Guinea, up into Block reduce back three begin the opportunities poorer line We've of contract based XX,XXX focused into again House, factored costs. the plans work beginning concluded. September, oil of an after well. resolved with several Jubilee below Mexico in the to net and where stable have maintenance we from for for of seeing and well the further quarter with been in drive in in Gulf retendering. an the when partnership and production areas performance being encouraging back results Since was XX,XXX support day Equatorial line current half they XX%. pressure time planned Kodiak, slide approximately gas campaign,
is our declining of one plans their results partners in productivity workover as are being week, well last However, developed. flagged
issues subsea now growing So months, which on there the in our past began field. important the per few around Job quarter, we're a is Odd an GoM performance during Work been and oil with day barrels couple sustaining sanction into unplanned equivalent step the net of back have over focused at pump production. project but of long-term of the downtime also on XX,XXX following XQ,
slide now seven. to Turning
the portfolio. to expected operator the barrels partnership lesson we've move quarter growing of value expected months, in now export several targeting build September now value and XXXX. to and Host and also up around we all first of be end is day. to of project with production drilling mid-stream our projects underway. Southeast, our recommissioned are Jubilee completed facility progress is Winterfell, is grow three the partners a development XX% to agreements of first portfolio. mid-‘XX. production the Initial continue complete agreement the a supporting next per At the production the the complete we mid-XXXX the signed oil starting drill Jubilee oil within at at On has plan the ramp our looks over oil target is of recent development handling in of This wells gross and in XXX,XXX the first forward, signed As slide the well made in
acquiring quarter, million resource oil, the interest project overall of And the potential XX%. the scale recoverable approximately taking remain project. our the excited with in Given this we upto XXX additional interest barrels about within of
In further addition, we drilling opportunities of in offer. are targeting growth high our ILS graded two
Mexico in would be We return expect well are of are of in the and well project drill oil a successful. around million deep the to projects year mid-XXXX XXX keeping they gross Both and extra later. [indiscernible] if over barrels G&A targeting high tieback Gulf
that's we're of growing the Now slide switch that our about on talked like portfolio. looks an near-term, eight, long-term I'd value to gas gear how not which our I've oil, at
project supply installed short of Tortue LNG volumes XXX streams activity commissioning [indiscernible] now million Combined platform of been We hub the On The today. & with in across make drilling, significantly period. and end work per at recently quarter. a now capacity the and four continue XX% than the cleanup to wells, commenced. Senegal, the is first largely wells the in X, Phase complete living third approximately now standard good wells around First, the total liquefaction complete, drilled feet Mauritania but of our all cubic required per we for quarters to have X. day rig standard the the the terminal XXX four project progress Phase the million a for cubic feet have more capacity four completed the to
communicated most first half vessel, remain their track has recent sale LNG XXXX away in constructed [Ghana] as in results. which floating in (ph) by of the the for we Singapore, been On on
the weeks has the export terminal and hub gas a has subsea, in the the region. pipeline in been FPSO On pipeline vessel shallow the pipeline the in by Final line. commercialization been water coming installed testing the and delayed deep flow arrived for deepwater conducted infill water has the
Kingstine impact and no material the was Around there to FPSO, Typhoon, reported. FEED later, the away to to key of returned the back by away in On out the through side. the weeks mid-September following caused carried trial was vessel be damage timing yard and sale the we today the on vessels the from two the swept continues the burst inspection
year-end. the COVID, and vessel supply at And the inspections the required overall, expect is away around has we to impact scope recently FPSO looking and with Typhoon, resulting a at in stay the the month. on schedule Stepping and Muifa. projects additional making result, operator challenges more the been to Typhoon work as a around With progress good working chain back hard overcome constraints, the
expect sale away LNG from We months first around and FPSO to nine gas year-end around first XXXX. continue target
sharp government, were the to are us rightly We're up to X, to forward. the the in the SMH, the second forward. is Overall, gas opportunity BP obtain continuing PSC concept given and Petrosen last to crystallizing in future quarter's continue route synergies agreement the constellation, cargo low signed to us On with than we as to In provide taking and opportunities full end the right who pleased the FID. last pace best a partners this alignment focus PSC majors, governments, the concept about opportunities, traders including our their shareholders volatility, we phase in the Senegal, market the conditions we Phase significant quarter, we changed on the & process, of Presidents, engagement with which a and will initially on as On on There's Tortue Elsewhere in progress on the discussions including of following of envisage expansion. accessing attractive of months, projects on and to for with to-date, and the of government commenced invasion the BirAllah, X both partnerships. value On is additional users. process advanced the their now of the development move the coming to aim the importance various with focused opportunity. BP, agree interest Mauritania talked pricing we high enable sales Ukraine global considering received the building Phase of results. Mauritania This longer further the accelerate demand environment. with a by from level of new project. XX-months build resource two respective the advance leveraging We'll we've and we're Government our has I'm reach remain to government flagged with updates right the content that's arise, the light allows and working
So that's set the clock on that project.
the similar to There and we're We and quickly. costs government. growing operator expect with approach forward this With over is in I'll Tortue phase both project the to manage a government to Senegal, the domestic In that, continuing the take intends through for the and scheme you Senegal Neal and this to move pace. progress a gas need to gas to take large hand to financials. domestic
