Kosmos Energy Successfully Drills J-74 Well, Expected Production Over 10,000 BOPD
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
0mins
Source: Businesswire
- Successful Well: Kosmos Energy has successfully drilled the J-74 well in Ghana, with expected production exceeding 10,000 barrels per day, further boosting total production to nearly 70,000 BOPD at the start of 2026, significantly enhancing the company's operational capacity in Ghana.
- License Extensions: The Ghanaian government has approved the extension of the West Cape Three Points and Deep Water Tano Petroleum Agreements to 2040, which is expected to increase 2P reserves and support the development of 20 new wells, enhancing the company's long-term growth potential.
- TEN FPSO Acquisition: The TEN partnership has finalized terms to acquire the TEN FPSO, with an agreement expected to be signed in early 2026, which will significantly reduce operating costs and improve the company's financial leverage.
- LNG Project Progress: In Mauritania and Senegal, the GTA liquefied natural gas project has reached nameplate capacity, with cargo liftings expected to nearly double in 2026, further strengthening the company's competitive position in the LNG market.
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Analyst Views on KOS
Wall Street analysts forecast KOS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KOS is 2.16 USD with a low forecast of 0.80 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
3 Buy
5 Hold
1 Sell
Hold
Current: 1.520
Low
0.80
Averages
2.16
High
4.00
Current: 1.520
Low
0.80
Averages
2.16
High
4.00
About KOS
Kosmos Energy Ltd. is a deepwater exploration and production company. The Company has diversified oil and gas production from assets offshore Ghana, Equatorial Guinea, Mauritania, Senegal and the Gulf of America. The Company's Ghana operations include Jubilee Field and TEN Fields. The Jubilee Field straddles both the West Cape Three Points and Deepwater Tano blocks. The Company has interests in the Ceiba Field and Okume Complex production assets located offshore Equatorial Guinea. It also has interests in EG-01, EG-24 and S blocks that are located in the southern part of the Gulf of Guinea. Its Greater Tortue Ahmeyim Project is an offshore liquified natural gas project in Mauritania and Senegal. In Senegal, it has participating interests in the Cayar Offshore Profond Block. Its key fields in the Gulf of America include Odd Job, Tornado, Kodiak, Winterfell and Tiberius. It is an operator for the petroleum contract covering Block 5, offshore Sao Tome and Principe in the Gulf of Guinea.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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