CASE STUDY

Oil and Gas Industry

Kosmos Energy Ghana Limited

[Writer's initials]

[Dated]

Kosmos Energy Ghana Limited

In 2003, Kosmos industry was bolstered as a company and targeted on the new oil finding in the ventures of underexplored areas in Africa and soon in African region of Ghana. The United Nations agency and the management team of the company had worked antecedent along the significant creating along the discoveries and incontinent developing, the Note American Gulf, and alternative areas, supported the corporate on one geological conception, the Late Cretaceous play system that was antecedent unmarked by others within the business. In 2007, the Kosmos team proven the geological conception worked, finding out the large day of remembrance Field within the deep waters offshore Ghana. Alternative important discoveries offshore Ghana before long followed, at the same time as the corporate pursued new exploration opportunities in alternative areas of continent and South America. Kosmos became a publically listed company on the NY stock exchange, in 2009 (Kosmos Energy, 2012).

Republic of Ghana is a country in West Africa. Bordered on the west by the Republic of Côte d'Ivoire, from the south over 539 km washed by the Gulf of Guinea. The basis of the economy are industrial gold mining, which provides about 50% of foreign exchange earnings, and agriculture sector structure of the economy on the contribution to GDP: Agriculture 38%, industry (21%, services, etc. 41% (2006). Ghana is the traditional major exporter of gold, cocoa, rubber and fine wood. Exported as diamonds, bauxite, manganese ore, pineapple and tuna. Over 70% of electricity is generated using firewood and charcoal, about 15% with the use of oil; about 15% develop hydropower at Akosombo and Kponge Volta. In 1994, near Accra Kvabena completed construction of a research reactor. This has taken us to the case study of the very well known (renowned) oil and gas Sector Company in Ghana, i.e. the Kosmos Energy Ghana Limited.

In August 2002, the Kosmos Energy had signed an agreement with the Government of Ghana in relation to deepwater block Cape Three Poynts Deepwater (Cape Three Points Deepwater Block), which is in the 50 to100 km from the coast. State Ghana National Petroleum Company owns in that block 15% participation.

 In October 2007, 56.66% bonus share in the block acquired Vanco Energy Russian company "Lukoil Overseas" (talks about the deal lasted from the spring of 2007). The work is designed for seven years and includes a reinterpretation of existing seismic data and conducting new profile and area seismic exploration. For 2008, the block is planned to drill one exploration well (Moxnes, 2008).

The outstanding results of exploration obtained in 2007 on two adjacent blocks in the deep waters of the western countries: West Cape Three Poynts (West Cape Three Points Block) and Deepwater Tano-(Deepwater Tano Block), the deep sea within which varies from 50 m to 1800 m in the first involvement of these units in 2004 receiving U.S. Kosmos Energy LLC (operator with a 86.5% share capital) and Ghana Kosmos Energy. (10%). Deepwater Tano block-owned companies: the British Tullow Oil plc. (Operator, 49, 95%), Kosmos Energy (18%), Anadarko Petroleum Corp. (18%), Sabre Oil & Gas (4, 05%), Ghana National Petroleum Corporation (10%). The hydrocarbons sector is of strategic importance to the economy of nations to be an engine for economic and social ...