The following table shows the number of wells that are in the process of being drilled or are in
active completion stages, and the number of wells suspended or waiting on completion as of
December 31, 2013.
Actively Drilling or Completing
Exploration
Development
Gross
Net
Gross
Net
Ghana
Jubilee Unit . . . . . . . . .
West Cape Three Points
TEN . . . . . . . . . . . . . .
Deepwater Tano . . . . . .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Wells Suspended or
Waiting on Completion
Exploration
Development
Gross
Net
Gross
Net
.
.
.
.
—
—
—
—
—
—
—
—
—
—
1
—
—
—
0.17
—
—
9
—
1
—
2.78
—
0.18
—
—
13
—
—
—
2.21
—
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
—
—
1
0.17
10
2.96
13
2.21
Undeveloped license area expirations
The WCTP PA has a duration of 30 years from its effective date (July 2004); however, in July 22,
2011, at the end of the seven-year exploration phase, the WCTP Relinquishment Area was
relinquished. We maintain rights to our three existing discoveries within the WCTP Block (Akasa,
Mahogany and Teak) as the WCTP PA remains in effect after the end of the exploration phase.
Effective January 14, 2014, the Ministry of Energy and GNPC entered into a Memorandum of
Understanding with Kosmos Energy, on behalf of the the WCTP PA Block partners, wherein all parties
have settled all matters pertaining to the Notices of Dispute for the Mahogany East PoD and the
Cedrela Notice of Force Majeure, and the Ministry of Energy has approved the Appraisal Programs for
the Mahogany, Teak, and Akasa discoveries. As a result of the settlement, a portion of the WCTP PA
area which contained the Cedrela prospect has been relinquished. We and our WCTP Block partners
have certain rights to negotiate a new petroleum contract with respect to the WCTP Relinquishment
Area. We and our WCTP Block partners, the Ghana Ministry of Energy and GNPC have agreed such
WCTP PA rights to negotiate extends from July 21, 2011 until such time as either a new petroleum
agreement is negotiated and entered into with us or we decline to match a bona fide third party offer
GNPC may receive for the WCTP Relinquishment Area.
The exploration phase of the DT PA expired in January 2013. Our existing Wawa discovery within
the DT Block was not subject to relinquishment upon expiration of the exploration phase of the DT
PA, as the DT PA remains in effect after the end of the exploration phase. Evaluation and appraisal
activities continue on the Wawa discovery. Additionally, the TEN development project was not subject
to relinquishment. We and our DT Block partners exercised certain rights of first refusal for the
granting of a new petroleum contract and certain rights to negotiate a new petroleum contract with
respect to the DT Relinquishment Area.
During 2013, we took all actions required to voluntarily relinquish all of the area under the Ndian
River Block and Fako Block in Cameroon.
Domestic Supply Requirements
Many of our petroleum contracts or, in some cases, the applicable law governing such agreements,
grant a right to the respective host country to purchase certain amounts of oil produced pursuant to
such agreements at international market prices for domestic consumption. In addition, in connection
with the approval of the Jubilee Phase 1 PoD, the Jubilee Field partners agreed to provide the first 200
Bcf of natural gas produced from the Jubilee Field Phase 1 development to GNPC at no cost. See
‘‘Item 1A. Risk Factors—Our inability to access appropriate equipment and infrastructure in a timely
27