Kosmos Energy announces oil discovery in U.S. Gulf of Mexico (NYSE:KOS) - Seeking Alpha

Kosmos Energy announces oil discovery in U.S. Gulf of Mexico (NYSE:KOS) | Seeking Alpha

Kosmos Energy announces oil discovery in U.S. Gulf of Mexico
Oct. 11, 2023 7:21 AM ET Kosmos Energy Ltd. (KOS) OXY, EQNR By: Carl Surran, SA News Editor 3 Comments Hello my names is james,I'm photographer./iStock via Getty Images

Kosmos Energy (NYSE: KOS) said Wednesday it made an oil discovery in the U.S. Gulf of Mexico at the Tiberius exploration well.

Kosmos ( KOS) said the well encountered ~250 ft of net oil pay in the Wilcox trend, located in Keathley Canyon Block 964.

The well is located in ~7,500 ft of water and was drilled to a total vertical depth of 25,800 ft.

The company said it will now begin rock and fluid analysis to confirm the production potential of the reservoir and work with partners on subsea development options.

Kosmos ( KOS) is operator of the well and owns a 33.34% share, with partners Occidental Petroleum ( OXY) and Equinor ( EQNR), which each hold 33.33%.