Kosmos' end of a winning streak with dry well at Requin Tigre

Kosmos Requin Tigre prospect was announced dry this morning. This was a "make it" well that had the potential to add 60bcf of gas in the Senegal/Mauritania trend and would have increased total gas discovered in the basin to over 100tcf. However, this dry well constrains Kosmos' growth in the basin with no further exploration drilling in area for now. The drillship will now proceed to test two oil prospects offshore Suriname commencing in early Q2 2018.

With three dry wells in a row, Requin Tigre, Hippocampe and Lamantin (the last two targeting liquids), Kosmos shine as an exploration company is now wearing off. It now follows in the footsteps of other E&Ps such as Tullow, which was once an exploration-led company but increasingly focussed on delivering on its projects and commercialising an inventory of discoveries.

For now, it appears that Kosmos' West African story is finished.