Kosmos Energy Ltd (NYSE: KOS) is a deepwater exploration and production company that discovers, develops, and produces oil and natural gas from offshore fields in West Africa and the Gulf of America. Revenue comes from selling crude oil and natural gas extracted from its operated and non-operated working interests across its portfolio. Kosmos operates as a full-cycle deepwater E&P company, with key producing assets including the Jubilee and TEN fields offshore Ghana (license extended to 2040 as of December 2025), the Ceiba Field and Okume Complex offshore Equatorial Guinea, and deepwater assets in the Gulf of America including the Kodiak field and the Winterfell and Tiberius discoveries. The company also holds interests in the GTA development offshore Mauritania and Senegal. As of December 31, 2025, net book value of oil and gas properties was $3.7 billion. Depletion expense was $517.1 million and impairment of long-lived assets was $177.6 million for the year ended December 31, 2025. Andrew G. Inglis serves as Chairman and Chief Executive Officer, as of March 2, 2026.

Revenue model

Transactional revenue from the sale of crude oil and natural gas produced from working interests in deepwater offshore fields. Kosmos earns revenue proportional to its net working interest share in each producing asset.

Products and services

Crude oil and natural gas production from deepwater offshore fields. Key assets include the Jubilee Field and TEN fields (Ghana), Ceiba Field and Okume Complex (Equatorial Guinea), Kodiak field and Winterfell and Tiberius discoveries (Gulf of America), and the GTA development (Mauritania/Senegal).

Customers and end markets

Crude oil and natural gas buyers. End markets are global oil and gas commodity markets. No specific customer concentration data disclosed in the excerpts.

Value-chain role

Upstream oil and gas. Kosmos holds working interests in offshore licenses, operates or participates in drilling and development programs, and sells produced hydrocarbons. The company acts as both operator and non-operator depending on the asset.

Geographic exposure

West Africa (Ghana, Equatorial Guinea, Mauritania, Senegal) and Gulf of America (deepwater United States). Ghana license extensions cover the Jubilee and TEN fields through 2040 per Government approval received December 2025.

Source: SEC 10-K, filed 2026-03-02

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