Kosmos Energy CEO Touts Success At Tiberius Well, 'Top Quartile Carbon Emissions'
Portfolio Pulse from Nabaparna Bhattacharya
Kosmos Energy Ltd. (KOS) announced an oil discovery at the Tiberius exploration well in the U.S. Gulf of Mexico. The company operates the well with a 33.34% working interest, alongside Occidental Petroleum Corporation (OXY) and Equinor ASA (EQNR), both holding 33.33%. The well discovered approximately 250 feet of net oil pay within the primary Wilcox target. Kosmos will now undertake rock and fluid analysis to confirm the production potential of the reservoir and will work with partners on subsea development options.
October 11, 2023 | 2:30 pm
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POSITIVE IMPACT
Equinor ASA's stake in the Tiberius exploration well could potentially increase its oil reserves and production, which may positively impact its stock price in the short term.
Equinor ASA's stake in the Tiberius exploration well could potentially increase its oil reserves and production. This could lead to increased revenues and profitability for the company, which may positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Kosmos Energy's discovery at the Tiberius exploration well could potentially increase the company's oil reserves and production, which may positively impact its stock price in the short term.
The discovery of oil at the Tiberius exploration well could potentially increase Kosmos Energy's oil reserves and production. This could lead to increased revenues and profitability for the company, which may positively impact its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Occidental Petroleum's stake in the Tiberius exploration well could potentially increase its oil reserves and production, which may positively impact its stock price in the short term.
Occidental Petroleum's stake in the Tiberius exploration well could potentially increase its oil reserves and production. This could lead to increased revenues and profitability for the company, which may positively impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50