Deepwater exploration and production company Kosmos Energy has successfully drilled and completed the J-74 well, offshore Ghana. The well is the second producer well in the field and forms part of the company’s 2025-2026 Jubilee field development campaign.
The well encountered around 50m of net pay and is expected to produce more than 10,000 barrels of oil per day (bpd) once online. With J-74 in service, gross Jubilee production is forecast to start 2026 at nearly 70,000 bpd.
The Jubilee partnership – a consortium of international and state-owned energy companies including Kosmos Energy, Tullow Oil, the Ghana National Petroleum Corporation (GNPC) and PetroSA – has approved five additional wells for 2026. The wells include four producers and one injector, with drilling of the next producer already underway.
Kosmos Energy also received government approval in late December 2025 for license extensions covering the West Cape Three Points and Deep Water Tano Petroleum Agreements, which include the Jubilee and TEN fields. Once ratified by parliament, the licenses will extend to 2040.
The amended Jubilee plan of development allows for up to 20 additional wells and is expected to increase 2P reserves. From July 2036, the GNPC’s interest will rise by a further 10%, with partner interests reduced pro rata.
At TEN, partners have agreed final terms to acquire the FPSO at the end of its lease in 2027, with execution of the sale and purchase agreement expected in early 2026. Kosmos Energy expects FPSO ownership to lower operating costs and improve leverage.
Kosmos Energy has also announced that, in Mauritania and Senegal, the Greater Tortue Ahmeim LNG project operated at its 2.7 million tons per annum (mtpa) nameplate capacity in December 2025, reaching peak rates of around 3 mtpa. A total of 18.5 LNG cargoes and one condensate cargo were lifted in 2025, with lifting expected to nearly double in 2026.