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Kosmos Energy Successfully Starts Production at Winterfell Development
Slice of Energy Team
July 09, 2024
Key Highlights:
Winterfell development begins oil production in Green Canyon, Gulf of Mexico.
Initial production wells online, third well expected by Q3 2024.
Targeting 20,000 boepd from initial wells, with significant future potential.
Source (Business Wire)
Notable Quote:
“The startup of Winterfell is another significant milestone for Kosmos as we continue to deliver the projects to achieve our growth targets by year-end 2024. With high margin barrels, low carbon intensity and a quick expected payback, Winterfell has the right characteristics for Kosmos’ portfolio. Kosmos is eager to continue developing the Greater Winterfell area which we believe has significant future upside potential.”
Our Take:
The initiation of oil production at the Winterfell development marks a pivotal achievement for Kosmos Energy, reinforcing its strategic growth trajectory. The project's phased approach, starting with two production wells and the anticipation of a third by the end of Q3 2024, underpins Kosmos' methodical and future-focused development strategy. With high-margin barrels and a low carbon footprint, Winterfell exemplifies Kosmos' commitment to sustainable and efficient energy production. The substantial potential for future expansion within the Greater Winterfell area further strengthens Kosmos' position as a leading player in deepwater oil exploration and production.